Tag: NITMA
NITMA seeks uniform 5% GST on polyester staple fibre and polyester spun yarn
GST rate on PSY must be reduced from 12 to 5 per cent (to align with fabric which is already taxed at 5 per cent), ... Read More
NITMA hails cotton duty relief and seeks GST rationalisation in MMF
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 ... Read More
NITMA applauds direct tariff on 09 HS Codes of synthetic knitted fabrics
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 ... Read More
NITMA Elects New Office Bearers
Sidharth Khanna, Director of Arisudana Industries assumes office as the President. Northern India Textile Mills’ Association (NITMA) is pleased to announce the election of its ... Read More
NITMA applauds the Imposition of MIP on 13 HS codes of synthetic knitted fabrics
Earlier this month, A joint delegation, led by Sanjay Garg, President, NITMA, held a very productive meeting exclusively for the imposition / extension of MIP ... Read More
Can budget prop-up growth for textiles?
The National Technical Textiles Mission’s allocation saw a significant increase of 120.59 per cent, reaching Rs3.75 billion compared to Rs1.75 billion in 2023-24. On July ... Read More
NITMA pleads for quick action on ADD on viscose yarn
President NITMA, Sanjay Garg pleads for quick notification on ADD on Viscose Spun Yarn originating from Indonesia, Vietnam and China, as recommended by DGTR vide ... Read More
