Government to rationalise tax and cess burden

Thursday, January 4, 2007, 17:31 [IST]

New Delhi, Jan 4: To rationalise the tax and cess burden on the ready made garments in the changed scenario of global competitiveness, the cabinet today gave its approval for exemption of ready made garments from Textiles Committee under Section 5E.

The exemption of Textiles Committee cess under section 5E of the Textiles Committee Act, 1963 will rationalise the tax burden and '''improve competitiveness of Indian readymade garment sector in global markets,'' Parliamentary Affairs Minister Priya Ranjan Dasmunsi said after the Cabinet meeting.

UNI

Topics: cess, burden, ready, made, garments, changed, scenario, global, competitiveness

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