sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« VAT (Value Added Tax) »
 Filing of online return for 4th quarter of 2017-18 extension of period thereof.
 No Cenvat credit admissible on outward transportation services from factory to buyer’s premises
  Filing of reconciliation return in form 9 for the year 2016-17
 Govt may send notice to 162 companies; ask for VAT returns
 Cenvat Credit Is Not Income Liable To Be Taxed
 Cos wanting to claim VAT refund on employees' foreign stay can get professional help
 Regarding disposal of pending form DVAT 04 & 07 Form Applications
 Disposal of pending Form DVAT 04 & Form DVAT 07 applications: regarding
 Cenvat Credit Rules, 2017 III Part
 VAT phased out in TS
 Cenvat Credit Rules, 2017 II Part

Leather sector flays Bengal move to hike VAT rates
March, 15th 2013

Leather goods manufacturers expect a sharp rise in their cost of production following the State Budget proposal for a hike in VAT rates.

According to Tapan Nandi, Regional Chairman, Council for Leather Exports (CLE), the Bengal Government’s proposal to slap one per cent higher VAT will have a negative impact on the working capital of the leather units in the State.

“There are issues over getting VAT refund in time,” Nandi said here after a press conference to announce the International Leather Goods Fair.


The West Bengal leather industry does not have adequate infrastructure.

According to him, the 1,100-acre integrated tannery and leather goods manufacturing complex at Bantala near here took longer than expected to become operational. After 12 years of project implementation, it is only partly functional. “Though the infrastructure for the tannery section is ready, infrastructure building at the manufacturing segment is still inadequate”, said an industry source.

Nandi added that lack of proper quality testing labs for leather goods in India has been plaguing the industry. “Lack of infrastructure for manufacturing leather goods in the country has always made our products less competitive than other (mainly European) countries,” he said.


To be organised by the India Trade Promotion Organisation (ITPO) in collaboration with CLE and Indian Leather Products Association (ILPA), the fair would be held in Kolkata from March 15 to 17. The two-day fair is expected to see a 40 per cent growth in business this year. Shankar Dawn, President, ILPA, said, “Last year, the fair generated business worth Rs 6 crore. It is expected to increase to Rs 10 crore this time.”

Some 56 companies, majority of them from the eastern region, will participate in the fair. Delegates from 40 countries are likely to attend the event.


To train the domestic leather goods manufacturers in branding exercise, ILPA has planned a workshop in Kolkata in June. At the workshop, international branding experts and designers would train the domestic manufacturers, Dawn said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions