MEG is one of the main raw materials for the production of polyester fibre and filament. | Photo Credit: PERIASAMY M The textile industry has appealed to the government to not levy anti-dumping duty on Mono Ethylene Glycol (MEG), which is one of the main raw materials used in the production of polyester fibre and […]
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Textile units that recycle PET and the manufacturers of polyester fibre will face inverted duty challenges with the revised GST rates as the entire textile industry is under 5% GST while the raw materials for the manmade fibre (MMF) sector – Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG) and PET scrap – are […]
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Textile exporters who import certain varieties of polyester fibre or yarn that come under mandatory Quality Control Order (QCO) under Advance Authorisation scheme now have 18 months time to fulfil the export obligation. The Central government said on Thursday that the export obligation period against import of products that are subjected to mandatory QCO by […]
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