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Related Keywords: 000, country’s largest man-made fabric, facing difficulties on GST portal, FOSTTA, MMF hub, movement of goods worth more than Rs 50, online e-way bill generation, sought extension of deadline, technical glitches, textile traders, trial basis for inter-state movement

The textile traders' community in the country’s largest man-made fabric (MMF) hub has been facing lot of difficulties on the GST portal due to technical glitches and sought extension of deadline in the online e-way bill generation. An e-way bill is required for movement of goods worth more than Rs 50,000.

Though the central government has launched the e-way bill generation on trial basis for the inter-state movement of goods above Rs 50,000 starting from January 16, the traders have demanded that implementation of e-way bill must be done only after ensuring the system works properly.

Related Keywords: attracts two percent excise duty on retail price above rupess thousand, big relief for textile traders in Suart, CBEC, Central Board of Excise and Customs, FOSTTA, largest man-made fabric wholesale market, out of ambit of made ups, SGCCI, takes decision to keep sari

The Central Board of Excise and Customs (CBEC) have taken decision to keep 'sari' out of the ambit of made-ups, which attract 2 percent excise duty on retail price above Rs1,000. This decision brings a big relief for textile traders in the country's largest man-made fabric (MMF) wholesale market in Surat.

Related Keywords: ATM, cash crunch, cash less trading activity, cashless business transactions, FOSTTA, installing swipe machines, launched drive to digitize industry, Post demonetization, recession, Textile Industry, textile procession association, textile traders association

Post demonetization, the textile industry has launched a drive to digitize the industry in the pretext of the closure of many textile units after the Government’s financial move. Due to the cash crunch and also recession in the textile industry, both the textile traders association and textile procession association had started working on a plan to deal with the situation.

The textile industry has planned to install swipe machines at thousands of textile trading shops, while owners of textile processing units have started opening bank accounts for their workers to beat the cash crunch.

Related Keywords: AIMIM, anti-dumping duty, Bhiwandi Powerloom Federation, cost of grey fabrics produced going up, Demand to remove anti-dumping duty on yarn, forced to buy expensive yarn, FOSTTA, impose a duty on import of fabrics, local textile industry, Make in India policy, MIMA, proving disastrous, raised from various circles

Demand to remove anti-dumping duty on yarn is being raised from various circles including Federation of Surat Textile Traders Association (FOSTTA), Malegaon Industries and Manufacturers Association (MIMA), Bhiwandi Powerloom Federation and other organisations working for the industry. Also Hyderabad MP and All India Majlis-e-Ittehadul Muslimeen (AIMIM) President Asaduddin Owaisi making a strong appeal to the government to remove anti-dumping duty on synthetic yarn, on Wednesday said that the government's 'Make in India' policy is proving disastrous for the local textile industry.

Related Keywords: Central Excise and Customs department, dress material, FOSTTA, fresh circular issued, meeting of textile traders, on saris, oppose two percent excise duty tax net, retail price above thousand rupees, salwar suit, sold under brand name

The Central Excise and Customs department has issued fresh circular that the saris, salwar suit and dress materials sold under the brand name and having retail prices above Rs 1,000 will come under the 2% excise duty tax net which is strongly opposed by the Federation of Surat Textile Traders Association (FOSTTA).

Related Keywords: cargo service from Surat airport, domestic MMF sector, extend TUFS to textile processors, fabrics imported from China, Federation of Surat Textile Traders Association, FOSTTA, impose anti dumping duty, Ministry of Textiles, other countries into India, powerloom weavers, traders

In the last one year, crores of meters of fabrics has been imported into the country, thereby paralyzing the domestic man-made fabric (MMF) sector. The Federation of Surat Textile Traders Association (FOSTTA) to rescue the MMF sector has strongly urged the ministry of textiles to propose anti-dumping duty on the fabrics imported from China and other countries into India.

Related Keywords: details of businessman, FOSTTA, fraudsters among businessman, no centralized data management system, police are developing new android mobile application, prevent and detect financial fraud, Surat textile market, Tex Suraksha

Surat textile market has over 60,000 shops where over 50,000 traders and brokers conduct business. Fraudsters among businessmen have been able to escape without getting caught because there is no centralized data management system with details of a businessman. To prevent and detect financial fraud, police are developing a mobile application which will help collect details about each trader and broker in the textile market.

Related Keywords: cancelled orders, FOSTTA, manufactured in Surat, MMF hub Surat, North Indian states, ongoing jat agitation in Haryana, suffered losses over two crore, textile traders, the biggest markets for saris and dress materials, trucks loaded with textile goods struck

Textile traders of the country's largest man-made fabric (MMF) hub Surat , have suffered losses to the tune of over Rs 200 crore over the last five days due to the ongoing Jat agitation in Haryana.

Textile traders and transporters are worried as more than 250 trucks loaded with textile goods which includes dress materials and saris worth crores of rupees bound to Haryana, Chandigarh, Delhi and Punjab have been stuck on the highway near Rajasthan following the Jat quota stir in Haryana, according to Industry sources.

Related Keywords: asked to return, cancelled orders, FOSTTA, hard hit Surat polyester fabric trade, including saris and dress material, Jat agitation in Haryana, MMF hub, northern India buyers, ongoing quota reservation, SGCCI, STGTA, stopped accepting supply orders, Surat City-based transporters, textile traders, trucks loaded with textile fabrics

Jat agitation in Haryana for ongoing quota reservation has hard hit Surat’s polyester fabric trade, the country's largest man-made fabric (MMF) hub as over 300 trucks, loaded with textile fabrics including saris and dress materials that had set journey towards Delhi, Haryana and Punjab on Friday, have been asked to return following widespread incidents of violence and arson on the Haryana-Delhi and Haryana-Amritsar highway.

Related Keywords: delivery of finished and unfinished goods, demand for polyester saris, dress material seeing an increase, FOSTTA, from weaving units, hit hard with ongoing strike by transporters, largest MMF centre, sale of textile fabrics, start of festival season, textile dyeing affected, Textile traders of Surat, touches Rs one hundred forty crore per day

Textile traders of Surat, the country's largest man-made fabric (MMF) centre just when the demand for polyester saris and dress materials was seeing an increase with the start of the festival season has been hit hard with the ongoing indefinite strike by transporters.