The textile industry has been demanding for the abolition of anti-dumping duty (ADD) levied on PTA, the basic raw material used for the manufacture of polyester staple fibre and filaments, to remain globally competitive.
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The Minimum Support Price (MSP) was steeply increased by 26 per cent to 28 per cent CCI had to exercise MSP operation during the current season.
Ashwin Chandran, Chairman, The Southern India Mills’ Association (SIMA) has thanked the Duty Drawback Committee and the Government for considering the inputs given by the textiles and clothing industry and enhancing the rates marginally across the value chain.
The government encourages exports by refunding various taxes and levies so as to make all the exporting commodities remain competitive in the globalised environment.
The 60th Annual General Meeting of The Southern India Mills’ Association (SIMA) was held on September 9, 2019 at The Residency, Coimbatore.
The 60th Annual General Meeting of The Southern India Mills’ Association (SIMA) was held on September 9, 2019 at The Residency, Coimbatore.
The NDA Government brought several historical reforms during its tenure 2014-2019 especially on the tax structure making the country “One Nation One Tax One Market†by implementing the GST successfully.