After Nirav Modi, Mehul Choksi flee, India’s silver jewellery exports plummet 75% in FY19

There are allegations that most of the exports undertaken by the fugitive diamantaires were mainly on papers as there has not been a shift in business to other players in India. File Photo New Delhi: The impact of Nirav Modi and Mehul Choksi’s exit from India was felt in the country’s silver jewellery exports last … Read more After Nirav Modi, Mehul Choksi flee, India’s silver jewellery exports plummet 75% in FY19

Budget 2018: Reeling under dwindling exports, AEPC seeks several relief

Reeling from a continued fall in export growth and marginal refunds on the goods and services tax (GST), the Apparel Export Promotion Council (AEPC) has written to the government, seeking 12-15 types of relief. They want the duty drawback and the refund of state levies (ROSL) to be restored to pre-GST levels, and also exemptions … Read more Budget 2018: Reeling under dwindling exports, AEPC seeks several relief

GST, weak demand, falling exports continue to hound branded apparel makers

Branded apparel manufacturers and retailers are yet to overcome the implications of the goods and services tax (GST) rollout in July. The tax reform had directly impacted the entire textile chain due to cascading burden. And post GST, poor consumer sentiment and falling exports have only made matters worse for the business. The September quarter results … Read more GST, weak demand, falling exports continue to hound branded apparel makers

AEPC concern over apparel exports fall; envoys meet CEA

India’s Apparel Export Promotion Council (AEPC) has expressed concern over the decline in apparel exports by about 40 per cent in October compared to the same month last year and has been engaging with policymakers for an early resolution of the issue that is hampering the apparel industry post implementation of the goods and services … Read more AEPC concern over apparel exports fall; envoys meet CEA