READYMADE & GARMENT INDUSTRY IS DISAPPOINTED

PRESS-RELEASE ON BUDGET

RESPECTED SIR / MADAM ,

READYMADE & GARMENT INDUSTRY IS DISAPPOINTED AS THEIR EFFORTS TO GET EXCISE ON GARMENTS ABOLISHED IS NOT FRUITFUL AND ONLY 0-94% BENEFIT IS GIVEN..EARLIER EXCISE OF 10.3 % WAS ON 45% OF MRP AND NOW IT IS 12.3%
ON 30% OF MRP..CONDIDERING THE NATURE OF GARMENTS,WHICH IS A BASIC NECESSITY OF A HUMAN BEING ON PAR WITH BREAD AND HOUSE SHOULD HAVE BEEN EXEMPTED FROM THE EXCISE.

SERVICE TAX HAS BEEN IMPOSED ON ALMOST EVERY THING EXCEPT THE NEGATIVE LIST OF 17 ITEMS WHICH WILL DEFINITELY ADD TO THE INFLATION AND GARMENTS WILL BE COSTLY..UPA GOVERNMENT ON OUR SINCERE REQUEST ABOLISHED EXCISE IN 2004 AND SRIMATI SONIA GANDHI HERSELF TOOK THE LEAD BUT ONLY FOR THE REVENUE WE HAVE BEEN PENALISED....ALL LEADING TEXTILE,GARMENT AND TRADE ASSOCIATIONS WERE UNITED IN DEMANDING REMOVAL OF EXCISE ON GARMENTS

ENTIRE GARMENT INDUSTRY ASSOCIATIONS WILL SIT AND DECIDE THE FURTHER COURSE OF ACTION TO SAFEGUARD THE GARMENT INDUSTRY WHICH IS THE NEED OF THE DAY..WHY EXCISE SHOULD BE ABOLISHED,WE HAVE SENT EARLIER THE DETAILED MEMORANDUMS..


WE ANTICIPATE YOUR KIND RESPONSE AND POSITIVE SUPPORT.PLEASE FEEL FREE TO CALL IF ANY FURTHER QUERY...

WITH KINDEST REGARDS..THANKS A LOT..

SAJJAN RAJ MEHTA
EX.PRESIDENT..KARNATAKA HOSIERY AND GARMENT ASSOCIATION
CHAIRMAN..TAXATION COMMITTEE..K H A G A
09845501150