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Related Keywords: Bihar and Uttar Pradesh border check post, despite GST Council relaxing, e-way bill norms till 2018, good amount of business, hit hard, ongoing marriage season, returning huge quantity of fabric parcels, Surat textile traders, valued at crores of rupees, want of the e-way bill

Surat textile traders, hopeful of doing a good amount of business during the ongoing marriage season has been hit hard as Bihar and Uttar Pradesh border check post has started returning huge quantity of fabric parcels valued at crores of rupees due to the want of the e-way bill.

Traders stated that despite the GST Council relaxing the e-way bill norms till 2018, local GST officials in Bihar and Uttar Pradesh are not allowing the textile goods to enter the states without e-way bill.

Related Keywords: due to surge in cost of production, fluctuations in cotton prices, hit hard, increasing competition, international players, lack of clarity on GST has also hurt business in the region, made trade difficult for textile mills, poor quality cotton in the region, Regional textile industries, Textile mills hesitating to build up stock

Regional textile industries hit hard due to surge in the cost of production and increasing competition from international players. Fluctuations in cotton prices and poor quality cotton in the region have also made trade difficult for textile mills. Industry experts said despite a drop in cotton prices, textile mills don't benefit.

According to Suresh Maheshwari, owner of a textile mill, the textile market is in a depressive state. They are not competitive at an international level because countries like Bangladesh, Vietnam and Pakistan offer garments at cheaper rates.

Related Keywords: continues to shut down, demands regulatory duty of ten percernt, Gujranwala Chamber of Commerce and Industry, hit hard, massive import, nominal custom duty, overloaded supply of Indian Acrylic yarn, Pakistani local industry of Acrylic Yarn, safeguard local industry, soaring cost of doing business, through Wagha border

The Pakistani local industry of Acrylic Yarn is hit hard and continues to shut down due to overloaded supply of Indian Acrylic yarn in local market, as the massive import of this item is continuing at very nominal Custom Duty under HS Code: 5509.3200 through Wagha border.

Related Keywords: CII, drop in currency exchange rate, euro tumbled against the dollar, garment prices, heavy competition, hit hard, lower margin for manufacturers, negotiate better deal, pre-shipment credit in foreign currency, revised once in few years, sizeable exporsure to currency, Tirupur textile exporters

Businesses close to home and individual textile exporters in Tirupur, Tamil Nadu, who have sizeable exposure to the currency, have been hit hard after the recent drop in the currency’s exchange rates.

The euro tumbled against the dollar — falling 3.6 cents — after the strong US jobs data released last week. With the euro at 1.06 to the dollar, the market is bracing for the currency reaching parity with the dollar — that would mean a further fall.