Garment exporters see demand recovering as US tariff pressures easeIndian garment exporters expect a strong business rebound in the second half of the fiscal year. Easing US tariff pressures are bringing bu...
21 Apr, 2026, 09.34 AM IST
Ceasefire changes everything, says BofA's Amish Shah; here's what it means for your portfolio right nowThe Iran-US ceasefire has allowed BofA Global Research to revise its market outlook, maintaining a Nifty year-end target of 26,200. The end...
08 Apr, 2026, 05.55 PM IST
One battle after another: How India fared in the year of Trump tariffsBeginning April 2025, India found itself navigating turbulent waters due to sweeping changes in US trade policy led by President Trump. The...
02 Apr, 2026, 06.51 PM IST
Amber Enterprises, Trent among key winners of GST-driven demand upswingIndia's retail sector anticipates a consumption boost. The GST Council's tax slab rationalization aims to reduce prices on many goods. Appa...
06 Sep, 2025, 01.11 PM IST
Apparel industry slams proposed GST hikeThe apparel industry faces a potential GST hike. Garments priced between ₹1,500 and ₹10,000 could see an 18% tax. Those above ₹10,000 may f...
05 Dec, 2024, 04.17 PM IST
Budget 2024: Trade, taxes, and potential transformations awaiting in India's fiscal strategyBudget 2024: India's 2024 budget announcement has the potential to bring about significant changes in cross-border trade finance. This budg...
31 Jan, 2024, 05.12 PM IST
NITI Aayog examines tax hurdles in textile sectorIndia’s think-tank NITI Aayog is addressing tax issues facing the country’s textile industry. The think-tank recently met textile industry ...
01 Aug, 2023, 12.47 AM IST
More GST rate changes likely to address inverted duty, exemptionsInverted duty refers to structures where the rate of tax on inputs is more than the rate of tax on outward supplies, which discourages valu...
16 Aug, 2022, 04.24 AM IST
GST Council defers rate hike on textiles. "Big relief" says industryAnimesh Saxena, President, Federation of Indian Micro & Small and Medium Enterprises (FISME), said the decision is a "big relief" to both M...
01 Jan, 2022, 11.37 AM IST
GST council defers rate increase on man-made fibre, yarn, fabrics and apparelThe panel looking into rate rationalisation has been tasked to re-examine the issue. The council, which is the apex decision-making body fo...
31 Dec, 2021, 03.57 PM IST
Uniform GST on MMF, yarn, fabric from January 1: Government“The government has notified uniform goods and services tax rate at 12% on MMF, MMF yarn, MMF fabrics and apparel that has addressed the in...
27 Dec, 2021, 06.11 PM IST
‘Completely unjustifiable’ GST rate hike on apparel, textiles and footwear show the Govt has no easy choicesThe Government wanted to correct a tax anomaly, but in the process the apparel, textiles and footwear sectors believe the move would lead t...
26 Nov, 2021, 10.13 AM IST
Finance Ministry notifies 12% GST rate on MMF, yarn, fabrics from January 1; corrects duty anomalyExperts said though there is a provision in GST law to claim the unutilised Input Tax Credit (ITC) as a refund, there were other complicati...
21 Nov, 2021, 05.59 PM IST
CBIC notifies rate changes for apparel, footwear and textiles from Jan 1, 2022GST Council in its meeting in September had decided to correct inverted duty structure on footwear and textiles, which it said will come in...
19 Nov, 2021, 05.31 PM IST
ICRA expects Indian apparel exporters to report a moderation in profitability in FY20The Indian apparel exporters are passing through testing times, with several internal and external challenges.
16 Mar, 2020, 07.02 PM IST
Secretaries group suggests reduced manmade fibre imports, changes in duty to boost local production: Smrit IraniCiting the decision of the GST Council to allow input tax credit at MMF fabric stage, she said the committee had recommended the ministry t...
12 Dec, 2019, 04.48 PM IST
Budget 2012: Reduce excise duty on branded apparel, says Govind Shrikhande, MD, Shoppers StopIntroduction of Excise Duty on branded apparels in the last Budget has led to a huge drop in demand; hence the sector expects an reduction ...
06 Mar, 2012, 06.47 PM IST