Textile industry flags issue of under-billed Chinese cloth : The Tribune India

Join Whatsapp Channel

Textile industry flags issue of under-billed Chinese cloth

Textile industry flags issue of under-billed Chinese cloth


Tribune News Service

Ludhiana, February 11

The textile, dyeing and yarn industrialists, under the banner of Swadesh Vyopar Association, met six BJP MPs in Delhi recently and briefed them on how they were incurring huge losses due to flooding of under-billed Chinese cloth in the Indian market.

The industrialists maintained that they were a little relieved as the MPs extended their full support in dealing with the issue. An industrialist having a dyeing unit here said it was the first time that all datas were put forth before MPs on how under-billed cloth was being imported from China, which was not possible without the connivance of officials. Due to this practice, the government was incurring losses of thousands of crores every year. Besides, this practice was denting business in markets across the country, including Tripura, Ahmedabad, Surat, Chennai and Ludhiana. “We expect to be having a meeting with the ministers concerned in coming days. The practice needs to be stopped to save our own industry and manufacturers,” said Rajnish Gupta, member Swadesh Vyopar Association.

Rs 8,000 crore tax evaded every year

It may be mentioned here that about 800 tonnes of under-billed fabric was reaching India every day and the government was incurring losses to the tune of Rs 8,000 crore per year due to the tax evasion caused by under-billing.

About The Author

The Tribune News Service brings you the latest news, analysis and insights from the region, India and around the world. Follow the Tribune News Service for a wide-ranging coverage of events as they unfold, with perspective and clarity.

#BJP #China


Top News

8 dead as tempo traveller with 17 people falls in Alaknanda river on Rishikesh-Badrinath highway

10 dead as tempo traveller with 26 people falls into Alaknanda river on Rishikesh-Badrinath highway

Police say the victims of the accident were tourists on the ...

2 Punjab's Nurmahal cousin sisters shot at by Nakodar boy in US, one succumbs to wounds

2 Punjab's Nurmahal cousin sisters shot at by Nakodar boy in US, one dies of wounds

Accused Gaurav and one of victims pursued IELTS together at ...

8 Naxalites, security personnel killed in encounter in Chhattisgarh’s Narayanpur

8 Naxalites, STF jawan killed in encounter in Chhattisgarh’s Narayanpur

The gunfight broke out in Abhujmad forest area of Narayanpur...


Cities

View All