NITMA称赞旁遮普政府削减纱线增值税的决定

 

NITMA hails Punjab govt decision to cut VAT on yarn

Chandigarh-based Northern India Textile Mills' Association (NITMA) has welcomed and the Punjab Government's announcement to reduce the VAT on cotton and yarn from 6.05 per cent to 3.63 per cent in the state budget.
In a press release, it said Punjab has close to 165 spinning mills with 4.25 million active spindles with annual consumption capacity of 6.5 million to 7 million bales.
Due to higher VAT in Punjab, the textile industry was facing tough times and weaving industry preferred to purchase yarn from spinners from Himachal, UP and Uttrakhand. The spinners from neighboring states used to sell yarn at 2 per cent VAT.
“This reduction in VAT will help Punjab's spinning sector compete in the market.” said NITMA president Hardyal S Cheema.

译文如下：

NITMA称赞旁遮普政府削减纱线增值税的决定

昌迪加尔的北印度纺织厂协会（NITMA）称赞旁遮普政府在财政预算中宣布将棉花和纱线的增值税从原来的6.05%降至3.63%。

在一份新闻稿中说道，旁遮普有近165家纺织厂，有425万活跃的纺锤,年消费650万至700万包。

由于旁遮普较高的增值税，纺织行业正面临艰难的时期，纺织业宁可从喜马偕尔、UP和北阿坎德邦的纺织者购买纱线。邻州纺织者用来出售的纺纱纱线有2%的增值税。

“增值税的减少将有助于旁遮普纺纱部门在市场上竞争。” NITMA主席Hardyal S Cheema说。