• Download mobile app
26 Apr 2024, Edition - 3209, Friday

Trending Now

  • 830 voters names go missing in Kavundampalayam constituency
  • If BJP comes to power we shall consider bringing back electoral bonds: Nirmala Sitaraman
  • Monitoring at check posts between Kerala and TN intensified as bird flu gets virulent in Kerala

Coimbatore

TEA seeks release pending levy rebate claims

Covai Post Network

Share

Coimbatore : Tirupur Exporters Association (TEA) on Thursday appealed to Union Textiles Minister Smriti Irani to release the pending rebate on state levies (ROSL) to the garment sector.

The claims had not been cleared to the garment sector for the past three months, given mainly to compensate the embedded taxes like those on petro products and electricity and not included in GST, association president Raja M Shanugham said in a statement here.

The garment export sector after passing through a declining trend for the past one year recorded a reverse only in October last, further to implementation of GST from last October, he said

The pending ROSL claims for Tirupur cluster would work to Rs 105 crore and would be helpful as the units were operating under wafer thin margin.

The units were taking various measures to cut down their costs to stay competitive, he added.

Subscribe To Our Newsletter

COIMBATORE WEATHER