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excise duty
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JLR to Cut Production at Halewood Plant Amid Brexit Uncertainty
Jan 29, 2018Tata Motors-owned Jaguar Land Rover is cutting down production at its Halewood plant, amid Brexit uncertainty and concerns over the future of diesel vehicles. The company said that it is a temporary move and does not affect any of the ...
Tags: Tata Motors, Jaguar Land Rover, Brexit
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UK Gin Exports Increase 166% Since 2000
Oct 12, 2016British gin exports have increased in value by 166% since 2000, with exports to the US rising by 553% in the last decade, according to the Wine and Spirit Trade Association's (WTSA) latest annual spirits report. The report details the ...
Tags: gin exports, growth, WTSA
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European Commission Launches Public Consultation on Tax Rules for Alcoholic Beverages
Sep 6, 2016The European Commission (EC) has launched a public consultation on tax rules for alcoholic beverages. The consultation, which will run for three months, will evaluate whether some of the rules on excise duty on beer, wine and other ...
Tags: EC, alcoholic beverages, public consultation on tax rules
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Can India Tap Its Diamond Jewelry Potential?
Aug 15, 2016The India International Jewellery Show (IIJS), which took place in Mumbai this week, reflected a cautious local diamond and jewelry trade, even if sentiment was better than expected. Suppliers arrived with low expectations as a month-long ...
Tags: IIJS, Mumbai, diamond and jewelry trade, GJEPC, GST
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Global Gold Demand up 21% in Q1 to 1,290 Mt
May 14, 2016Global gold demand totaled 1,290 mt in the first quarter, up 21% from 1,070 mt a year earlier, as the biggest quarterly inflow into exchange-traded funds since 2009 offset a steep decline in jewelry demand, the World Gold Council said in a ...
Tags: gold demand, gold
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No Change in Exemption From Excise Duty for Textile Goods
Jul 30, 2015There is no change in exemption from excise duty for textile goods as mentioned in central value added tax (CENVAT) Rules 2004, the Union Ministry of Finance has clarified. The Central Board of Excise and Customs (CBEC) had issued a ...
Tags: textile goods, textile industry
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Ind-Ra Has Maintained an Overall Stable Outlook for The Cotton Textile Sector for Fy16
Jul 10, 2015Credit rating agency India Ratings and Research (Ind-Ra) has maintained an overall stable outlook for the cotton textile sector for FY16. This is led by stable spinning margins in the cotton yarn segment, range-bound cotton prices and ...
Tags: textile manufacture, garment manufacture, cotton textile
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Textile Industry Is Kept in The Lowest Slab in GST
Mar 31, 2015Recently, a delegation from the Indian textile industry met Santosh Kumar Gangwar, minister of state for textiles to apprise him of the current as well as post budget scenario of the textile industry. The delegation was made-up of OP ...
Tags: Textile Sector, textile industry
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George Osborne Cut Duty on Spirits and Cider by 2% and Froze Duty
Mar 20, 2015UK Chancellor of the Exchequer George Osborne has cut duty on spirits and cider by 2% and froze duty on wine and slashed the price of beer by a penny a pint for the third year now. In the budget speech presented in the House of ...
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Indian Footwear Trade Body Requested to Reduce The High Excise Duties Imposed on Footwear
Mar 19, 2015An Indian footwear trade body has requested finance minister Arun Jaitley to reduce the high excise duties imposed on non-leather footwear in the latest Union Budget. The All India Footwear Manufacturers and Retailers Association (AIFMRA) ...
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Union Budget 2015-16 Has No Measures on Promoting Apparel Manufacturing in India
Mar 5, 2015Union Budget 2015-16 presented by finance minister Arun Jaitley last week has no measures on promoting apparel manufacturing in India, says an expert of India’s clothing and retail industry. “Considering that this ...
Tags: Apparel Manufacturing, Apparel
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Abolishing Excise Duty Will Help The Growth of The Indian Textile Industry
Jan 5, 2015Indian synthetic fibre and yarn producers have urged the Union Ministry of Finance to abolish excise duty of 12 per cent levied on the industry and bring it at par with the cotton fibre and yarn sector. “This will help the growth of ...
Tags: cotton fibre, yarn sector, Textile
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Textile Sector Seeking Two Years Time to Fulfill Export Obligation Under The EPCG
Jan 5, 2015A joint memorandum has been submitted to the Union Commerce Minister, Nirmala Sitharaman by various Indian textile associations, seeking additional two years time to fulfill export obligation under the export promotion capital goods (EPCG) ...
Tags: textile associations, Textile
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GST Resolve Supply Chain Issues to Smoothen Business Process
Jan 5, 2015The proposed Constitution Amendment Bill on Goods and Services Tax (GST), introduced by Finance Minister Arun Jaitley in Lok Sabha last month, is expected to smoothen business process (ease of doing business) for ecommerce companies by ...
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CITI Has Requested The Government to Reduce The Excise Duty
Dec 8, 2014The Confederation of Indian Textile Industry (CITI) has requested the Government to reduce the excise duty on all man-made fibres and filaments, as also their raw materials from the current 12 per cent to 6 per cent. In a pre-Budget ...
Tags: man-made fibres, Apparel, Textile
