Wednesday, September 26, 2018
- Chandigarh September 26: Haryana Chief Minister, Mr Manohar Lal, has urged the Union Finance Minister, Mr Arun Jaitley to consider reduction in the custom duty on mutilated rags used as ‘industrial raw material’ in the interest of shoddy spinning manufacturers of the State.
- Mr Manohar Lal, in a written communication to the Union Finance Minister said that the Central Board of Indirect Taxes and Customs has increased the custom duty on Textile Chapter 63.10 from five per cent to 20 per cent which has adversely impacted the shoddy spinning manufacturers. He said that the consequent steep rise in the production cost has seriously threatened their economic viability.
- While drawing the attention of the Union Finance Minister, the Chief Minister said that there are more than 200 units of shoddy spinning and end spinning in Panipat, which consume mutilated rags as an ‘industrial raw material’. They manufacture home furnishing products not only for exports but also for cheap quality blankets, durries, shawls, lohies used mainly by the poor of our nation, added the Chief Minister.