Summary:
Now, the imposition of 20 per cent duty will provide us level-playing field.” Post-GST (goods and service tax), the Chinese fabric attracted only 10 per cent duty. The import of heavily under-invoiced fabric from China had crossed Rs 5,500 crore in last one year. Import of fabric are taking place at unit price of Rs 5 to Rs 15 per metre. This fabric has assumed significance as it has caused irreparable damage to India’s small and medium-sized enterprises (SMEs), particularly in Surat..