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SASMA moots quick implementation of ECTT report
E-Tex Staff - Mumbai
The Synthetic and Art Silk Mills Association (SASMA) has appealed to the government
to undertake the implementation of the recommendations of the Expert Committee
on Technical Textiles (ECTT) without any dilution or delay. “The ECTT has
already finalised its report, which has been submitted to the government. The
government should begin implementation of the report without any delays if India
is to become a leading player in this sector,” said Mr V S Chalke, chairman,
SASMA. Mr Chalke was speaking at the 65th annual general meeting of the association,
held recently in Mumbai.
While welcoming the CENVAT option, he stated that there is
need for rationalisation of excise duty on manmade filament yarns. “We
have been asking the government to bring down excise duty on fibres and yarns
to a uniform rate of eight per cent. At present, PFY, the largest produced yarn
in the country, attracts the highest excise duty of 24 per cent, even as 80
per cent of the PFY fabric production is consumed by the economically weaker
section of society. Fabric price should not be dictated by means of differential
excise duty but should be left to the consumer preferences.”
He also suggested bringing down customs duty on manmade fibres and filament
yarns.
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