Showing posts with label Readymade Garment Industry. Show all posts
Showing posts with label Readymade Garment Industry. Show all posts

Wednesday 23 March 2016

Around Two-Fifths of the Readymade Garment Industry to Face 2% Excise Levy

Readymade Garment Industry


The financial year 2016-17 is knocking, and Finance Minister, Mr.Arun Jaitley has announced the budget. The budget hold quite a few changes for the textile industry on the whole, but the most glaring of them all is the proposal to levy excise duty of 2% on all readymade garments as well as made up textile articles, the retail price of which are Rs. 1000 and above.