Wait...
  1. Home >
  2. Export Import News >
  3. Economy News >
  4. Association urges centre to impose taxes on import

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Association urges centre to impose taxes on import


Date: 19-10-2019
Subject: Association urges centre to impose taxes on import
Ludhiana: The Northern India Textile Mills’ Association (NITMA), one of the largest textile industry association of north expressed concern over the rising competition from China and other neighbouring countries in cloth purchase. The association has a combined turnover of approximately 50,000 crores (USD 8 Billion). 

Sanjay Garg, president of NITMA said, “We are currently facing a very tough situation, as all the neighbouring countries are doing what it takes to hit the textile exports from India. To tackle this members have sent several suggestions to Union ministry of commerce & Industry and ministry of textiles.” They have suggested that imports under certain conditions should only be permitted against advance license so that the dumping from Indonesia, Vietnam and China can be harnessed to increase India's exports while at the same time protecting the domestic manufacturers from unfair competition. 

Garg also added, “It is very urgent that these steps are taken particularly in the wake of Indonesia’s forthcoming steps to tighten textile import rules which say that all textile importers from that country need to gain approval from the government before they can ship in textile goods.” 

Source: timesofindia.indiatimes.com

Infodrive India Pvt Ltd

Delhi :
  E-2, 3rd Floor Kalkaji Main Road
      New Delhi 110019
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,

      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191

INFODRIVE INDIA Copyright © 1996-2019 InfodriveIndia. All Rights Reserved.
Please read our Terms of Use and Privacy Policy before you use.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+