Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Duty cut to heal Kanpur leather industry.


Date: 02-03-2015
Subject: Duty cut to heal Kanpur leather industry
KANPUR: There is an air of excitement in Kanpur, the largest producer of leather and leather goods in the world, following the FM's decision to slash the excise duty on footwear with leather uppers worth Rs 1000 and more from 12% to 6%. It was a long-pending demand from the Kanpur leather industry to push the sluggish sales.

Kanpur leather and tannery industry brings foreign exchange worth Rs 6,000 crore to the country and gives direct livelihood to more than one lakh people. The city accounts for 40% of leather exports and had upstaged Chennai to take the number one position for exporting leather a few years ago. With an annual turnover is Rs 500-600 crore, there are nearly 600 big and small players manufacturing footwear for domestic as well foreign market.

Chairman, Council for Leather Exports, M Rafeeq Ahmed, said, "The announcement will certainly benefit micro and small industries. Leather shoes priced between Rs 500-1,000 will get 2%-3% cheaper with reduction in excise duty from 12% to 6%. The reduction would be highly beneficial to the manufacturers, particularly the MSME manufacturers selling footwear in the domestic market. It will also encourage the manufacturers to enhance the quality of their products, besides also help in attracting new entrepreneurs to join the leather industry."

Former chairman of the Council for Leather Exports R K Jalan said: "It was a long-pending demand of the leather industry. The excise duty cut on leather shoes will have a positive impact on the leather industry and boost its growth as we would now be able to pump extra money in the industry."

Small Tanners Association (STA) too has welcomed the excise duty reduction.

Source : timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001