Textiles Ministry To Raise Imposition Of Excise With Finance Ministry.

The textiles ministry has said it will ask the finance ministry to review imposition of excise duty on branded garments and made-up textiles as the levy is "hurting" the industry.

"The excise duty is hurting the industry. We are assessing the situation. I will take it up with the Revenue Secretary (this month)," Textiles Secretary Rita Menon said. Menon said the ministry has asked the Clothing Manufacturers Association of India to assess the impact of the duty.

In the third week of May, CMAI is expected to submit a report to the ministry explaining the extent to which the excise duty would hurt the industry and "then I shall take it up with the Revenue Secretary (Suni Mitra) for a review," Menon said.

Source : economictimes.indiatimes.com