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President's Message

K. M. Subramanian

We had the privilege of meeting and interacting with the Hon’ble Union Minister for Finance Smt. Nirmala Sitaraman on 11th September, 2024. She was on an official visit to Coimbatore for an interaction with all Trade Associations and entrepreneurs from the Kongu Region. Despite her busy schedule, she was kind enough to allot considerable time to our Association for a one-to-one meeting to understand the current export scenario of Tiruppur Cluster. I am very proud that such a recognition was given only to TEA. Our Honorary Chairman Padmashri. Dr. A. Sakthivel, Anna and I met the Hon’ble Minister along with our Executive Committee Member Shri. M. Anand. We submitted a detailed memorandum to the visiting minister and she had taken all the points well and assured that all our requests will be considered to ensure ease of doing business. It was certainly a very successful and fruitful meeting.

The conclave was inaugurated by the District Collector of Tiruppur, Shri. T. Christuraj IAS, and TSF Website was launched by Shri. M. Pratap IAS, Director, Tamil Nadu Women's Employment and Safety, in the presence of Shri. Rana Alok Singh, South Asia Regional Director, Ethical Trading Initiative (ETI) and our Honorary Chairman Padmashri. Dr. A. Sakthivel and Chairman of TSF Shri. V. Elangovan.

DIRECT TAXES RELATED

Extension of Eligibility under Section 115BAB, Communication of Notices and Orders under Faceless Assessment and Intimation under Section 143(1) via Registered Post, Request for Increase in the Limit for TDS on Partner Remuneration under Section 194T and TCS on Overseas Tour Packages.

District Collector of Tiruppur Mr. T. Christuraj IAS while inaugurating the summit appreciated the excellent service of our Honorary Chairman Padmashri. Dr. A. Sakthivel to the Knitwear Industry and Tirupur Society for the past three decades.

INDIRECT TAXES RELATED

Levy of Penalty Under Section 129 for Export Goods in Transit, Scope for Exporters to Claim GST Refund of ITC Accumulated on Capital Goods and Request for GST Amnesty or Samadhan Scheme for ITC Discrepancies.

CUSTOMS RELATED

ROSCTL/RODTEP, EPCG & Advance License, IDPMS, Woven Labels Import, PIMS (Paper Import Monitoring System) and IGCR.

SCHEME RELATED

ATUFS Capital Scheme and PLI 2.0 for Textile Sector.

BANKING RELATED

Extension of Interest Equalization Scheme (IES), Continuation of ECLGS and Separate Banking Policy For MSME.

I sincerely thank on behalf of our Association, the Hon’ble Union Minister for Finance Smt. Nirmala Sitaraman for her consideration and Coimbatore South Constituency MLA Smt. Vanathi Srinivasan who was instrumental in arranging this meeting.