We were unable to claim MEIS benefit within three years of the shipping bill date. Is it time-barred? Is there any remedy?
The Goods & Services Tax Council may consider rationalising levy on textile items, a move that is expected to help the sector to be more competitive in the global market.
The textile industry apparently is happy with Smriti Irani retaining charge of the Textile Ministry as she is known for pushing the Finance Ministry hard while demanding funds for various schemes.
The landslide victory of Bhartiya Janata Party and its allies under the charismatic leadership Narendra Modi in the general elections of 2019 in India has raised concerns about the growing caste polarization and ideological extremes but in the same breath, it has raised the hope of revival of the Indian economy that has been battling with sluggish demand, low capital formation and freeze on the flow of credit.
The US terminated India's designation as a beneficiary developing nation under the Generalised System of Preference (GSP) trade programme, with effect from June 5. While the Centre has termed the move as "unfortunate", according to some industry observers, the US decision will hardly have any major impact on India's exports.
The Apparel Export Promotion Council (AEPC), in association with the Social and Labour Convergence Program (SLCP), today organised a workshop to announce the launch of SLCP operations in Tirupur.