• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Coimbatore March 23 The Tamil Nadu Government's Budget proposal to levy 4 per cent VAT on sale of textile machinery has been welcomed by the Tirupur Exporters Association (TEA).

The proposal to levy four per cent VAT on the textile machinery as industrial input either at the dealer/trade point or by the machinery manufacturer has ended the confusion that prevailed over the State levy on textile machinery, the association maintained.

New district

The announcement to create new districts soon has also pepped the enthusiasm of the hosiery exporting town where the industry has been pleading for formation of a new district with Tirupur as the headquarter.

"It is heartening to note the Government has accepted in-principle the formation of Tirupur district," said the TEA Pesident, Mr Sakthivel, and hoped the creation of the district will happen soon after completion of the de-limitation process of Legislative Assembly constituencies.

More Stories on : Budget | Textile Machinery | Taxation | Exports & Imports | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`Delay in tackling emission can lead to greater risks, higher costs'

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line