Rahul Mehta, Chief Mentor, CMAI, has urged the Central and State Governments and GST Council to review their decision and find alternate solutions to address the Inverted Duty Structure problem. CMAI has in the past recommended a flat 5 per cent GST across the entire value chain – which will resolve the Inverted Duty Structure,...
Latest News CMAI Capsule for September 2021 FINAL REMINDER FOR RENEWAL OF MEMBERSHIP WITH THE ASSOCIATION The Association has sent the Second Reminder dated September 1, 2021 to those Members who have not yet Renewed their Subscription for the Financial Year 2020-21 informing such Members that if the Renewal of Membership is not received by...
Cotton futures contract reached a 7.5-year high in August as falling global supply gave a boost to demand from China. A report by execution-only service provider Capital.com says, the benchmark intercontinental exchange (ICE) cotton contract for October delivery hit 96.27 cents a pound (lb) on August 27. Although prices have fallen since, they stabilized around...
Value fashion retailers such as V-Mart Retail, Cantabil Retail are expecting a bumper festive season, which could even see sales surpass the pre-COVID levels, top executives of the companies told Moneycontrol. TO READ MORE: https://www.moneycontrol.com/news/business/companies/value-fashion-retailers-hopeful-of-surpassing-pre-covid-sales-during-festive-season-7488281.html
New Delhi: Consumer Affairs Minister Piyush Goyal on Wednesday said “strong feedback” will help in preparing a robust e-commerce policy even as he termed reports of differences within the government on the proposed policy as efforts to “sensationalise any feedback”. TO READ MORE: https://retail.economictimes.indiatimes.com/news/industry/draft-e-commerce-rules-goyal-says-strong-feedback-will-help-prepare-robust-policy/86445154
The Goods and Services Council has decided to fix the inverted duty charges on readymade clothes from January 1 in 2022. The fix in the duty can increase the prices of readymade apparel from January 1 onwards. TO READ MORE: https://english.jagran.com/business/readymade-garments-to-get-more-expensive-from-january-1-heres-what-we-know-details-10032447
The GST Council, with a view to address the issue of inverted duty structure in the textile industry, has decided to change the GST rates applicable on fabrics and garments with effect from 1st January. TO READ MORE: CMAI Recommends Flat 5% GST Across Value Chain
Set to become a $40 billion opportunity by 2030, the value e-commerce segment in India presents immense potential. Players like Snapdeal lead from the front when it comes to cashing in on this opportunity. TO READ MORE: https://www.livemint.com/brand-post/the-rise-of-value-conscious-shoppers-online-11631692322116.html
Retail giants like Reliance Retail and Aditya Birla Fashion and Retail (ABFRL) are trying to catch a bus they have missed in the past – India’s Rs. 1.5 lakh crore ethnic wear market. The success of brands such as W, Aurelia, Fab India and Biba in a market thought to be unorganised and impenetrable seems...
As festive demand began to take effect in August, India’s retail sales neared pre-pandemic levels in North and South India but clothing and accessories sales are still in the process of recovering, according to the Retail Association of India. TO READ MORE: https://in.fashionnetwork.com/news/August-retail-sales-show-continued-recovery-fashion-growth-expected-rai,1334480.html
