India Will Take Some Balancing Measures Against The Brand Clothing Consumption Tax.
A senior government official said
Federation of India
The budget proposes a 10% consumption tax on brand clothing. This proposal will be examined and the government will take some balancing measures.
India textile Commissioner Josh (A B Joshi)
stay
2011 InFashion Textile Industry Fair
On the other hand, the budget proposes to levy a consumption tax on brand clothing. The government will examine this proposal and take some balancing measures.
He said that the concerns of the industry have been conveyed to the government.
Federal finance minister Pranab Mukerjee proposed in the budget last month that 10% of the consumption tax on brand clothing should be levied. The industry believes that they will be negatively affected.
In fact, the clothing industry has begun protests against consumption tax, and they want to withdraw the consumption tax.
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