TEA calls for removal of excise duty on branded garments

摘要

The Tirupur Exporters' Association (TEA) has called upon the Finance Ministry to remove excise duty on branded garments. In its submission to the government TEA noted that in the last Budget, excise duty at the rate of 12% was imposed on readymade garments sold under a brand name in the domestic market and 30% of the retail sale price attract 12% excise duty. As pet the recent agreement with Bangladesh, the garments imported from Bangladesh do not attract any customs duty and also their prices are lower than the Indian products due to various factors.