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Related Keywords: attract more investors in textile sector, ban on second-hand clothes, boost Made in Rwanda campaign, create jobs, effective second of December lose billions of francs in taxes, import duties, importation of textile raw materials, increase production, quality and quantitiy, Rwanda government, tax exemption, Value Added Tax, VAT

Rwanda government to boost Made in Rwanda campaign has announced tax exemption for importation of textile raw materials and leather, it applies to both import duties and Value Added Tax (VAT) which is effective from Friday, December 2, 2016. Although this move will see government lose billions of francs in taxes that it was getting from leather and textile imports, in the long run the government hopeful that it will boost the Made in Rwanda campaign.

Related Keywords: bedsheets, chief minister Bhupinder Singh Hooda, chinese import, curtains, cushion cover, new tax, Panipat textile indusry, rollback VAT, state government, teri towels, VAT

The textile industry of Panipat strongly opposing the VAT of 13.25 percent levied on products like bedsheets, cushion covers, teri towels, curtains and other items stating that it would collide the local textile industry which is currently facing tough competition from the Chinese imports.

Roshan Lal Gupta, vice-president of Haryana Veopar Mandal, said that the entrepreneurs had already made an appeal to the state government to take back the new levy as the VAT would ruin local textile industry.

Related Keywords: carpet, Textile, VAT

Haryana chief minister Bhupinder Singh Hooda on Monday announced to reduce Value Added Tax (VAT) on textile products and carpets, druggets, woollens, durries, cotton floor durries and rugs from 12.5 % to 5 %. This would benefit the traders to the tune of about Rs 150 crore.