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ITAMMA celebrates 75th anniversary
It all started in 1988 when BK Mehta, Past-President, Indian Textile Accessories And Machinery Manufacture Association (ITAMMA), categorically suggested that ITAMMA should take up activities which will make its members and the organisation very strong in terms of system, technology and R&D. Considering his passion for R&D, as the members of Managing Committee of ITAMMA on his 70th birthday in 1988 established “BK Mehta Endowment Fund” in appreciation of his yeomen and meritorious services to the association; who was the president of the association in the year 1953, 1962, 1966, 1978 and also as a trustee for four decades. This fund was further strengthened financially from time to time for various activities in the field of technology.
SIMA hails duty hike on imported polyester fabrics
In the GST regime, countervailing duty has been replaced with IGST and the special additional duty has been scrapped. Polyester attracted 10 per cent basic customs duty, 12.5 per cent CVD and 4 per cent special additional duty in pre-GST regime.
GST Regime begins...It's time to invest!
GST… GST… GST…
Anywhere and everywhere and in each corner of textile industry, right from mills, textile traders to textile suppliers “GST” is the talk of the hour. Recently it is the only buzz that has been heard in the Indian manufacturing sector across all sectors. There are reports and synopsis presented on GST.
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