The financial year 2016-17 is
knocking, and Finance Minister, Mr.Arun Jaitley has announced the budget. The
budget hold quite a few changes for the textile industry on the whole, but the
most glaring of them all is the proposal to levy excise duty of 2% on all
readymade garments as well as made up textile articles, the retail price of
which are Rs. 1000 and above.
