Rollback of Excise Duty on Garments Sought

BANGALORE: The Karnataka Hosiery and Garments Association has urged the Union Government to immediately rollback the excise duty on readymade garments. Stating that the domestic industry was w

Published: 19th January 2012 04:13 AM  |   Last Updated: 16th May 2012 06:17 PM   |  A+A-

BANGALORE: The Karnataka Hosiery and Garments Association has urged the Union Government to immediately rollback the excise duty on readymade garments. Stating that the domestic industry was worth nearly `40,000 crore, the leaders of the Association said that this aggregate was made up of contributions from various small-scale units scattered all over the country. Nearly 75 to 80 per cent of the industry still operates in the unorganised sector. In most of these set-ups, one man handles all the manufacturing and financial operations unlike the big companies that have separate departments to handle the logistics of the business, they said. Also, they said that the common man’s clothing need is impacted by high inflationary trends in the last 2-3 years, and also shared that a simple vest had seen 50 pc inflation, while a normal shirt had seen 30-40 pc inflation.

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