Coimbatore, Jan 29 (PTI)) Tirupur Exporters Association (TEA) today hailed the economic survey, which has called for an expeditious elimination of embedded export taxes. Also Read - Liquor to Become Costlier After New Tax in Budget 2021? Deets Inside
Welcoming the suggestion, TEA President Raja M Shanmugham said that the association has been requesting for the elimination of embedded export taxes. Also Read - Mamata Banerjee Slams Modi Government's Budget 2021, Calls It Anti-Farmer, Anti-People and Anti-Country
The association has also been appealing to the government to enhance the Rebate of State Levies mainly to compensate the embedded tax. Also Read - FM Nirmala Sitharaman Cuts It Short This Year, Budget Speech Around 1 Hour & 50 Minutes
The Survey-2018, tabled in the Parliament by Finance Minister Arun Jaitley, has said that exports will be biggest source of upside potential for the economy and has also specifically noted that textiles and apparels sector has tremendous potential for growth in exports and employment, particularly, women employment, he said.
The ready made garment exports has been declining in the three months from October, he said.
This is published unedited from the PTI feed.