News - Tiruppur Expoters' Association

European envoys visit top eco-friendly garment factory - 20th June 2019

2019-06-20T10:24:27+05:30

Three European ambassadors to Bangladesh yesterday visited Plummy Fashions in Narayanganj to witness environment-friendly knitwear production in the world’s first platinum-rated LEED-certified factory.

Anti-dumping duty imposed on jute sacking cloths from Bangladesh - 20th June 2019

2019-06-20T10:23:34+05:30

India has imposed anti-dumping duty on the import of jute sacking cloths from Bangladesh which will have a positive impact on West Bengal's ailing jute sector.

Textile exporters want to pay 7.5pc sales tax - 20th June 2019

2019-06-20T10:22:26+05:30

FAISALABAD: Textile exporters have suggested paying 7.5 per cent sales tax instead of 17 per cent, and warned if 17 per cent sales tax is imposed on the textile sector, it would block their Rs 500 billion refund capital inside the market that would cause a surge in unemployment and sharp drop in exports.

Expanding export market of textile and garment sector - 20th June 2019

2019-06-20T10:21:32+05:30

NDO – Vietnam’s textile and garment sector posted a total export revenue of US$11.43 billion in the first four months of this year, a year-on-year increase off 9.56%; however textile and apparel products were exported mainly to traditional markets.

RBI panel recommends doubling collateral-free loans for MSMEs - 19th June 2019

2019-06-19T10:31:17+05:30

Says this facility must be extended to Mudra and SHGs, too. An expert committee of the Reserve Bank of India (RBI) on Micro, Small and Medium Enterprises (MSMEs) has suggested doubling collateral-free loans for these units.

Govt to verify exporters’ claims before sanctioning IGST refund - 19th June 2019

2019-06-19T10:30:20+05:30

Experts say the move will delay the process of issuing refunds.

Exporters’ wait for I-GST refunds may get even longer – Here’s why - 19th June 2019

2019-06-19T10:29:22+05:30

In the online system, a firm offsets taxes paid on input from the IGST to be paid on export and then applies online for refund. The entire process of receipt of refund takes about two weeks or less.

Rupee opens higher at 69.56 per dollar - 19th June 2019

2019-06-19T10:28:08+05:30

The Indian rupee opened higher by 14 paise at 69.56 per dollar on Wednesday versus Tuesday's close 69.70.

India's foreign trade needs tax sops, support for R&D - 19th June 2019

2019-06-19T10:27:14+05:30

New Delhi, June 18 As Finance Minister Nirmala Sitharaman prepares to present her first Union Budget on July 5, trade associations involved in import and export want the government to take several steps to boost India's cross border trade.

GST 2.0: Here's how return filing will change from July 2019 - Taxpayers take note, good news is near - 19th June 2019

2019-06-19T10:26:14+05:30

The GST council has further simplified and enhanced the way taxpayers and corporates will be filing their GST returns. A trial is set to take place for new GST return-filing from July 2019 onward, and will be implemented in a phased manner from October 2019.