Related Keywords: compliance will improve, compliant units will suffer, continue with optional duty regime, evaders will prosper, government urged to roll back, One percent excise duty on readymade garment, proposed in the budget, traceability, until goods and services tax introduced, whole value chain will be covered by duty, worth rupees thousand and above
Finance Minister Arun Jaitley while presenting the budget in Parliament on February 29 had proposed a one percent excise duty on readymade garments worth Rs 1,000 and above. Textile companies have urged the government to roll back the proposed excise duty on branded readymade garments and continue with the ‘optional duty regime’ that applies currently, until the goods and services tax (GST) is introduced.
