Perfect Sourcing

TECHNOLOGY NEWS

INDUSTRY UPDATE

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NEW DUTY DRAWBACK RATES ANNOUNCED


Government of India has announced All Industry Rates of Duty Drawback. Some of the salient features of the new Drawback Schedule are that drawback rates by and large for cotton garments have remained the same.

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International News

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Retail News

India News

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Reflections

WAR AGAINST BLACK MONEY BY GOVERNMENT RECEIVES MIXED REVIEWS


Ever since PM Narendra Modi took the decision of demonetization of Rs 500 and Rs 1000 currency notes, the apparel and textile industry is in a confused state. While some of the exporters feel that it is a wise step by the Govt of India, many small and medium companies have expressed that this is going to push industry backwards. Team Perfect Sourcing has tried to collect as many as 1000 response from all over India on the issue and received a mixed response on this move of Govt. The initial problems were paying cash to workers in factories as they do not have bank accounts. With a limit on withdrawal paying cash to workers became a big issue.

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OPINION LIVE



Last few months have been like a roller coaster ride for textile and apparel industry. Firstly Rs 6000 cr package was announced followed by GST. Then we had a ban on Rs 500 and Rs 1000 currency and then Donald trump became the new president of the US, which is the most important export market for India. What do you think will be the impact? Where is the industry moving-ahead or backwards?

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