TITLE

Excise duty on man-made fibres may be halved to 4%

PUB. DATE
January 2007
SOURCE
Colourage;Jan2007, Vol. 54 Issue 1, p139
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of the finance ministry in India to reduce the excise duty on man-made fibers. Manufacturers can choose not to pay excise duties for textile products. The excise duty for products from natural fibers is four percent, while the excise duty for products from man-made fibers is eight percent.
ACCESSION #
24158992

 

Related Articles

  • CITI calls for reduction in MMF excise duty and withdrawal of 4% SAD.  // Colourage;Jan2014, Vol. 61 Issue 1, p104 

    The article informs that the Confederation of Indian Textile Industry (CITI) has urged to Finance and Textile Ministry of India that excise duty on man-made fibres should be fixed at 8 percent while SAD of 4 percent on all man-made fibres should be withdrawn.

  • Budget 2006/07 - More positives than negatives. Raghavan, Dilip // Colourage;Mar2006, Vol. 53 Issue 3, p34 

    The article comments about the 2006-2007 government budget for the textile industry in India. The announcement of the budget appears to have been approved by the sector. In the textile industry, the most striking point is the attention given to boosting man-made fibers, reducing its excise and...

  • ASFI calls for uniform excise duty on all type of yarns.  // Colourage;Jan2002, Vol. 49 Issue 1, p89 

    Seeking parity between man-made fiber and cotton the Association of Synthetic Fibre Industry in India has demanded the imposition of a uniform excise duty of 16 percent on all textile fibers and yarn. Scrapping of the 15 percent additional excise duty imposed on textile yarn, reduction in...

  • Budget boost to textile industry.  // Textile Magazine;Mar2006, Vol. 47 Issue 5, p12 

    Reports on the appreciation of the growth of the textile industry expressed by Indian Finance Minister P. Chidambaram in his Budget speech. Contribution of the sector to economic development; Increase in the budgetary provision made for the handloom sector; Proposal made by the minister to...

  • Powerloom, handloom & cotton segments hail Budget. Chidambaram, P // Indian Textile Journal;Aug2004, Vol. 114 Issue 11, p103 

    This article presents the Union Budget 2004-05 for the textile industry in India. The budget package is as follows: (1) The Cenvat Scheme has been made optional. There will be a mandatory excise duty only on man-made fibers and filament yarns; (2) Man-made staple fibers tow and staple fibers...

  • Budget and the textile industry.  // Colourage;Mar2005, Vol. 52 Issue 3, p147 

    This article discusses the impact on the textile industry of Indian Finance Minister P. Chidambaram's budget for 2006. The industry believes that the budget has not addressed some of the serious issues in the textile sector. The industry was expecting that the process of fiscal corrections would...

  • The budget and the Indian Textile Industry.  // Colourage;Mar2006, Vol. 53 Issue 3, p123 

    The article discusses the Central Budget 2006-2007 and the textile industry in India. The government has tried to correct some of the deviation in the man-made textile industry. It has approved the attempt of the budget to reduce the excise tax of polyester, nylon and acrylic of manmade fibres,...

  • Government mulling duty rejig for textiles sector.  // Man-Made Textiles in India;Jul2009, Vol. 52 Issue 7, p253 

    The article reports on the proposal of the Indian government to restructure duties for the textiles industry in the 2009 budget. The basis of the proposal of the textiles commissioner is the demand of the sector for reducing duties for man-made fibres (MMF) and other items. A reduction in excise...

  • ISA demands excise duty neutrality on MMF.  // Colourage;May2012, Vol. 59 Issue 5, p81 

    The article presents information on the fibreneutral excise duty structure for the growth of the textile industry emphasized by the National Fibre Policy drafted by the Ministry of Textiles of India. According to S. K. Khandelia, President of the Indian Spinners' Association, the excise duty on...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics