The exemption covers 5 per cent customs duty, 5 per cent Agriculture Infrastructure and Development Cess (AIDC), and 1 per cent additional cess, offering much-needed relief…
Browsing: Ministry of Finance
The move by the government is recognition of the fact that these fabrics are being smuggled into the country at under-invoiced values & by misdeclaration of…
Cotton T-shirts now had a drawback rate of 3.1 per cent, up from the previous 2.1 per cent. Similarly, rates for man-made T-shirts increased by 0.5…
Sanjay Garg, President, NITMA said that NITMA wholeheartedly welcomes the Government’s decision to revoke the anti-dumping duty (ADD) on acrylic fibre (AF) originating in or exported