×
525
Fashion Jobs
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Hoshiarpur
Permanent · Hoshiarpur
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Barnala
Permanent · Barnala
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Faridkot
Permanent · Faridkot
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Kapurthla
Permanent · Kapurthala
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Koppal And Gadag
Permanent · Koppal
BHARTI AIRTEL LIMITED
Cluster Manager- Dth Sales - Rajkot
Permanent · Rajkot
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Chhatrapur
Permanent · Ganjam
URBAN AVENUES LLP
Immediate Joiner in Real Estate Sales Executive/ Sales Manager
Permanent · Noida
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Bikaner
Permanent · Bikaner
R AND R SALONS PRIVATE LIMITED
Requirement of Area Manager
Permanent · Bengaluru
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Thane
Permanent · Thane
BHARTI AIRTEL LIMITED
Cluster Manager- Dth Sales - Nagpur
Permanent · Nagpur
BHARTI AIRTEL LIMITED
Cluster Manager- Dth Sales - Kurnool
Permanent · Kurnool
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales -Amravati
Permanent · Amravati
CHOLAMANDALAM INVESTMENT & FINANCE
Area Sales Manager - (Lap / Sme)
Permanent · Kanchipuram
RELIANCE INDUSTRIES LTD
Hiring For Territory Sales Manager(Tsm)
Permanent · Khammam
RELIANCE INDUSTRIES LTD
Hiring For Territory Sales Manager(Tsm)
Permanent · Nandyala
CHOLAMANDALAM INVESTMENT & FINANCE
Regional Sales Manager - Lap / Sme
Permanent · Ahmedabad
PRIME ASSETS REALTY PRIVATE LIMITED
Sales Team Leader/ Sales Manager
Permanent · Pune
HARMONY PLASTICS PVT. LTD.
Manager / sr Manger/ dy General Manager (Production)-Udaipur
Permanent · Udaipur
ESS KAY FINCORP LIMITED
Urgently Hiring For Area Sales Manager For Vehicle Division
Permanent · Vadodara
JKM HR SOLUTIONS
Production Manager, Plastic Injection Moulding Auto, Bawal, 70k Ctc
Permanent · Rewari
By
Fibre2Fashion
Published
Feb 26, 2016
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

SIMA seeks reduction in MMF levies in Budget

By
Fibre2Fashion
Published
Feb 26, 2016


The Southern India Mills’ Association (SIMA) is hoping that the Union Budget will slash levies on man-made fibres (MMF) to boost the textile industry.


The Southern India Mills’ Association (SIMA) is hoping that the Union Budget will slash levies on man-made fibres (MMF) to boost thetextile industry.



In a press release, SIMA Chairman M Senthilkumar said he hoped that the Union Government would consider long pending demand of the textile industry to remove the 5 per cent import duty, 4 per cent special additional duty and anti-dumping duty and also reduce the central excise duty from 12.5 per cent to 6 per cent levied on MMF. These duties push up the price of MMF and filaments by 23 to 30 per cent, he said.

SIMA has also requested the government to continue the optional Cenvat route for cotton textiles (zero or 6 per cent) which was introduced way back in 2004 due to break in the excise net across the textile value chain. Senthilkumar said that the Union Government is likely to implement GST in a short duration and therefore, it is essential to continue the optional Cenvat and thus prevent hardship for the ailing spinning sector due to steep fall in yarn exports.

Senthilkumar said he also hoped that the Union Budget would allocate adequate funds to clear the backlog in TUF subsidy which is pending since September 2014.

He said the Indian textiles and clothing sector has the potential to become a $350 billion industry from its current level of $110 billion and also create new jobs for 35 million people by 2023 if a level playing field is created in the 2016-17 Union Budget.

Copyright © 2021 Fibre2Fashion. All rights reserved.