Home / Knowledge / News / Textiles / Union Budget: Textile sector expects excise duty revisions
Union Budget: Textile sector expects excise duty revisions
Jan '17
Excise duty on man-made fibres should be reduced to bring it on par with that of cotton in this year’s Union Budget, said a top official of a leading textile company of India. The industry has been demanding a level-playing field in the industry with respect to cotton for a long time now and some rationalisation is expected from Budget 2017-18.

“A long standing demand of the industry, especially the man-made fibre sector, is about the excise duty reduction. Fibres like nylon and polyester have an excise duty of 12.5 per cent, while for other yarns like cotton, the excise duty is negligible. The industry has been demanding a level-playing field vis-à-vis cotton. So, we are looking for some rationalisation in excise duty in this year’s Union Budget,” Shailendra Pandey, joint president – sales & marketing, Aditya Birla Nuvo Ltd (Indian Rayon) told Fibre2Fashion.

Another leading manufacturer and exporter of home textiles and yarns has urged the government to consider subsiding excise duty by more than 20 per cent on handicraft and handloom products that are to be exported.

“The Union Budget of this year, as far as the textile sector is concerned, should be well focused for giving more than 20 per cent excise duty subsidy on handicrafts and handloom sector goods destined for export to the US and east European countries,” Rajendra Singh Cheema, general manager, EHS and compliance officer, Trident Group told F2F.

Cheema also said that the government should consider a long term plan to boost exports from India.

“Also, make long term planning to increase textile export form India to go ahead of China by the year 2020,” added Cheema.

Pandey also said that the textile industry is looking at the Union Budget from the point of view of GST too. “How the fabric will be brought into the GST chain is an important question as fabric in the unorganised sector is not covered under excise,” noted Pandey. (KD)

Fibre2Fashion News Desk – India

Interviews View All

Ajay Ghariwala, Luthra Group

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

DK Sharma, Velocity Apparelz

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Jash Choraria,

Jash Choraria

Established in 2015 by <b>Jash Choraria</b>, Unifynd is a Mumbai-based...

C Dhandayuthapani,

C Dhandayuthapani

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

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Keith McMillen, Bebop Sensors

Keith McMillen
Bebop Sensors

Bebop Sensors' smart fabrics allows for a new level of interaction between ...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

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

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search