Fabrics

GST Council reduces tax rate for velvet fabric

GST Council on its 25th meeting has reduced the GST rate on velvet fabric (code 5801 37 20) from 12 per cent to 5 per cent with no refund of unutilised input tax credit. The recommendation of the Council will be effective from 00 hours on January 25, 2018. The Council, at its meeting in New Delhi, also decided that the late fee payable by any registered person for failure to furnish form GSTR-1 (supply details), form GSTR-5 (non-resident taxable person) or form GSTR-5A (OIDAR) will be reduced to fifty rupees per day and shall be twenty rupees per day for ?nil? filers. The late fee payable for failure to furnish form GSTR-6 (Input Service Distributor) shall be fifty rupees per day.
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Cotton Fabrics included in Merchandise Exports from India Scheme (MEISP

Cotton fabric exports are likely to rise at least 10 per cent in 2015-16 because of inclusion of the fabric in the Merchandise Exports from India Scheme (MEIS). The products exported under the scheme are eligible for reward on the free-on-board value. Cotton fabrics have been added in the exports list for Bangladesh and Srilanka which will result in extra incentive of 2% on the value. Though cotton fabric is included other popular fabrics like lycra, and other forms of knitted fabrics are left out. Texprocil has urged to include cotton dyed and printed fabrics, and made-ups, to African countries under MEIS.
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    Bombay Dyeing Manufacturing Co Ltd

    Bombay Dyeing & Manufacturing Co. Ltd. (BDMC) was founded in 1879. Over the years the company has evolved as a textile major and also forayed into real estate in FY06. BDMCL is

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    BTM Group India

    BTM Group of Companies is one of the rapidly growing organisation in the country with a very strong presence in Iron-Ore , Life Sciences and Textile sector

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    Buildmet Fibres Pvt Ltd

    Buildmet Fibres Pvt Ltd was incorporated on 9th December 1999 having registered office at 42, Industrial area, Doddaballapur, Karnataka. The Company is into manufacturing of Wov

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    Dhanlaxmi Fabrics Ltd

    Dhanlaxmi Fabrics Ltd started in the year 1975 has weaving and processing base of over 130000 Sq. Ft. It has a Fabric and Yarn Processing Unit in Dombivili and a weaving unit at

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    Dhar Textile Mills Ltd

    Dhar Textile Mills Ltd. is a textile processing company located in Indore, M.P. The company has fully integrated manufacturing facilities from spinning, weaving, dyeing, process

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    Diamond Textile Mills Pvt Ltd

    Diamond Textile Mills Pvt. Ltd. was established in 1978 by Mr. Narendrabhai Patel, located at Ahmedabad, Gujarat. The factories are located at Narol and Changodar District of Gu

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    Didwania Spinning Mills Pvt Ltd

    Didwania Spinning Mills Pvt Ltd was established in the year 2013, by Mr Manmohan Didwania and Mrs Anita Didwania. The company is engaged in the manufacturing & trading of fabric