Home / Knowledge / News / Textiles / Surat weavers seek more duty on Vietnamese silk
Surat weavers seek more duty on Vietnamese silk
27
Jun '18
Surat MP Darshana Jardosh (right) submitting FIASWI
Surat MP Darshana Jardosh (right) submitting FIASWI's memorandum to Union textiles minister Smriti Irani in New Delhi. Courtesy: @ DarshanaJardosh
Seeking a level-playing field, silk weavers from the Indian textile hub of Surat have urged the government to impose 10 per cent customs duty on silk fabrics imported from Vietnam. At present, silk fabrics produced in India attract a goods and services tax (GST) of five per cent while silk fabric imports from Vietnam enter duty free in the country.

There is GST of 5 per cent on fabrics manufactured in India, while the imported silk fabrics have zero duty. As a result, the imported silk fabrics are cheaper by Rs 45 per metre as compared to the fabrics made in India, the Federation of Indian Art Silk Weaving Industry (FIASWI) said in a memorandum submitted to Union textiles minister Smriti Irani.

The issue of input tax credit (ITC) refund was also raised by FIASWI in its letter, which was submitted on their behalf by Surat MP Darshana Jardosh.

The non-refund of accumulated ITC is resulting in losses to the industry and drastic reduction in capital investment for machine modernisation, FIASWI said. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 5th Jun 2020

No new import duty on fabrics from India, Vietnam: Jakarta

Indonesia has exempted fabrics made in Vietnam and India and...

Pic: Shutterstock

Apparel/Garments | On 5th Jun 2020

HK-ASEAN FTA, investment pact valid for Indonesia on Jul 4

The part relating to Indonesia under the free trade agreement and the ...

Pic: Gap/ Athleta

Apparel/Garments | On 5th Jun 2020

Gap reports Q1 FY20 sales of $2,107 million

Gap Inc, a specialty apparel company, posted 43 per cent drop in its...

Interviews View All

Rajiv Sirohi, Shara

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Cyril Pereira, Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Italtex,

Italtex

Italtex is a leading studio publishing fabric trend-books since 1959....

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Erwin Devloo,

Erwin Devloo

Picanol develops, produces and markets high-tech weaving machines, based...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Divvya and Nidhhi Gambhir, Walnut

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search