The CBI has booked textiles major S Kumars Nationwide Limited (SKNL) and 14 others including its promoters and directors for an alleged bank fraud worth Rs 1,245 crore, officials said on Wednesday. Following registration of the FIR, the central agency on Wednesday searched 13 locations in Maharashtra, Gujarat and West Bengal linked to the accused…Continue Reading

Ministry of Textiles Removal of Inverted Tax Structure on MMF Textiles Value chain and uniformity of rates brings relief to Textiles sector; Uniform rate of 12% for entire value chain of MMF textiles sector will reduce the compliance burden of the industry players;MMF textiles sector will be benefiting and save lot of working capital;It will…Continue Reading

Ministry of Textiles Removal of Inverted Tax Structure on MMF Textiles Value chain and uniformity of rates brings relief to Textiles sector; Uniform rate of 12% for entire value chain of MMF textiles sector will reduce the compliance burden of the industry players;MMF textiles sector will be benefiting and save lot of working capital;It will…Continue Reading