The Pakistan Textile Exporters Association (PTEA) has de manded immediate release of outstanding duty drawback of taxes (DDT) claims to enhance exports. PTEA chairman Khurram Mukhtar said the cash crunch had squeezed the financial stream, ma...read more
Chinese consumers will soon be able to spend 30 per cent more on tariff-free goods from outside the mainland as from January 1, Beijing will raise the annual quota on cross-border e-commerce purchases for individual buyers to 26,000 yuan ($3,75...read more
The Indian government has marginally increased duty drawback rates for several textile items, applicable for the year 2018-19. However, there is a marginal decrease in the duty drawback rates of apparel items. The announcement made through mini...read more
ColorJet India Ltd, India’s largest manufacturer and exporter of digital textile printing technologies will be launching and showcasing live demonstrations of its best selling direct to fabric printer, VASTRAJET at DTG-Dhaka which runs from J...read more
Snapdeal has launched ‘Brand Shield’, an online anti-counterfeiting programme to help brands report any instance of counterfeit items being sold on its platform. The programme has been designed basis inputs received from brand owners, aimed...read more
Recession and tax issues faced by India’s man-made fabric (MMF) industry in Surat resulted in fall in export of polyester fabric by 13 per cent to $945 million in April-September compared to $1 billion in the same period last fiscal. Polyeste...read more
The US International Trade Commission (USITC) has determined that there is a reasonable indication that the US industry is materially injured by reason of imports of polyester textured yarn from China and India that are allegedly subsidised and...read more
Ms. Smriti Zubin Irani, Union Textile Minister, stated that India held a special place in Global Textile Trade as the 2nd largest textile exporter in the world. Today, cotton yarn & fabric exports account for over 23% of India’s total tex...read more
To boost MSME sector exports, the Reserve Bank said the interest subsidy on post and pre-shipment export credit has been increased to 5% from 3%. The increased subsidy is applicable from 2 November.
Exporters get the subsidy under the ‘Int...
As part of its expansion strategy, Arvind Ltd, the $1.7 billion textile-to-retail conglomerate, announced the launch of its largest garment hub in Gujarat with two manufacturing facilities commencing operations at Bavla near Ahmedabad. A third...read more
China has rejected India’s proposal for bilateral trade in local currencies, an idea aimed at bridging the widening trade deficit with the former, a news agency reported. The issue was discussed in October in an inter-ministerial meeting, whe...read more
Indore-based textile firm Pratibha Syntex recently received the ‘Dare to Dream Award’ for emerging company of the year in the textile sector by the Federation of Madhya Pradesh Chamber of Commerce and Industries (FMPCCI). Satish Sachdeva, t...read more
The textile industry leaders will be making a strong representation to Gujarat’s energy minister Saurabh Patel to give 50% concession on the electricity tariff, which they claim will provide a level-playing field with the textile sector in Ma...read more
State-run Khadi and Village Industries Commission (KVIC) has said the sale of Khadi products rose over three-fold in the last three fiscals and ‘Khadi Express’ train will be run to create awareness about the segment. According to KVIC, the ...read more
The Central Board of Indirect Tax & Customs (CBIC) and state authorities have disposed off GST refunds worth Rs 91,149 crore to exporters, out of total claims of Rs 97,202 crore received so far.
A disposal rate of 93.8% has been achieve...
The new simplified GST return forms will be rolled out from April 1, 2019, Revenue Secretary Ajay Bhushan Pandey said.
He exuded confidence that the government will achieve the budgeted target for Goods and Services Tax (GST) collection and ...