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Budget 2020 FOCUS ON GROWTH!
Textile industry has something to cherish in the Budget with the abolition of ADD on PTA imports, prioritisation of technical textiles sector, review of rules of origin in FTAs to curb imports from Bangladesh, and RoDTEP, NIRVIK and other measures taken.
Allcargo signs MoU with JNPT, CIDCO
Allcargo Logistics has signed a Memorandum of Understanding (MoU) with JNPT and CIDCO wherein Allcargo will set up the operations, maintenance and management of a Skill Development Centre in Bokadveera, Uran near JNPT.
Allcargo wins ‘Best Risk Management Practice’ award
Allcargo Logistics Ltd, India’s leading integrated logistics provider received an award for ‘Best Risk Management Practice’ in the category of Supply Chain (Logistics) at the 3rd India Risk Management Awards 2017 held at Taj Lands End, Mumbai.
GST: Bane or boon?
The politics of Goods and Services Tax (GST) may take some more time to sort out, but its basic impact on textile industry can be analysed beforehand. ITJ sought opinions on GST’s impact on the textile industry. Current exemptions on certain goods to continue: Multiple exemptions exist under the present tax system – the Centre has ~300 items exempted from central excise duty, while the States (together) have ~90 items exempted from VAT. These will be merged into a Final synchronised exemption list under the GST regime.
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