Govt may roll back excise duty on branded garments
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Govt may roll back excise duty on branded garments

Wednesday, 30 March 2011, 17:53 Hrs   |    2 Comments
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New Delhi: The government is considering to roll back 10 per cent excise duty on branded garments, due to large scale protest by industry bodies in many parts of the country, including West Bengal, which goes to polls next month.

"The excise duty on readymade garments is being opposed heavily, especially in West Bengal. It might be rolled back ," a Finance Ministry official told PTI.

Although Finance Minister Pranab Mukherjee had diluted his proposal to tax readymade garments, the decision failed to satisfy the garment manufacturers who have continued the protest demanding complete roll back of the proposal.

In the Budget 2011-12, the government has levied 10 per cent excise duty on branded ready-made textiles garments.

However, while replying to debate on Finance Bill, Mukherjee had proposed to enhance the abatement from 40 per cent to 55 per cent of the retail sale price.
Source: PTI
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Reader's comments(2)
1: In my Opinion govt made mistake to impose 10%excise duty on garments because it is unorgnised and fragmented.Most valuable thing that their is no cenvat credit.Govt has law that if the excise duty in highest slab then cenvat is must.Few days back Shri sunil mitra revenue seceratry comments in a meeting of merchant chamber of commerce kolkata that i have impose 1%duty on 130 item because there is no cenvat.It means that revenue seceratry has some problem with garment industry.I appeal to Shri Pranab mukherjee and Smt.sonia jee to look this matter urgent otherwise industry going into the dark they will be liable for death of industry.If anybudy wants any question can call me.
Posted by:Alok More - 24 Apr, 2011
2: WHY ONLY FROM GARMENT, EXCISE DUTY IS TO BE TOTALLY ABOLISHED, AS IT IS MAIN CAUSE OF INFLATION, DUE TO MULTIPLE EFFECT OF EXCISE ON ANY PRODUCT. MORE OVER FUTURE TRADING OF ESSENTIAL COMMODITIES ALSO SHOULD BE BANNED. BUT WHETHER GOVERNMENT OFFICIALS ARE REALY INTERESTED IN DOING SO. NO THEY JUST WANT TO INCREASE THEIR OWN SALARY AND GOVERNMENT EMPLOYEE'S D.A., WHAT IS THE OFFENCE OF COMMAN MAN? IS THE INFLATION EFFECT ONLY TO MINISTERS AND GOVT. EMPLOYEES. WHY NOT ALL SO CALLED NGO'S ARE NOT PROTESTING THEIR SALARY INCREASE? WHY SUPREME COURT IS NOT ASKING GOVERNMENT HOW IT CAN INCREASE D.A. FOR GOVT. EMPLOYEES? IS IT LAW EQUEALS FOR ALL?
Posted by:GIRISH SHAH - 31 Mar, 2011
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