Exemption of readymade garments from Textiles Committee cess
05 Jan '07
1 min read
The Union Cabinet gave its approval for exemption of readymade garments from Textiles Committee cess under Section 5E of the Textiles Committee Act, 1963.
The exemption of Textiles Committee cess under section 5E of the Textiles Committee Act, 1963 will rationalize the tax and cess burden on the readymade garments in the changed scenario of global competitiveness and thus improve competitiveness of Indian readymade garment sector in global markets.
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