INDIA CLOTHING INDUSTRY UPSET AT 2% EXCISE DUTY INCREASE FOR CLOTHING
March 1st, 2016
Branded garments in India will become more expensive after the decision by the central government to impose a 2% excise duty on clothing and other manufactured textile retail items that cost more than Indian rupees INR1,000 (USD14.74), the Clothing Manufacturing Association of India, told just-style. Its president Rahul Mehta complained that many Indian garment exporters were hoping to off-set losses in sales from weaker global markets by focusing on the domestic sector. “Their efforts would again hit a roadblock,” he said. The tax rise was announced ...
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