Footwear Manufacturer

GST: While apparel is at 12% why footwear is at 18% asks Adesh Gupta, Liberty Shoes

The Modi government has decided that this will be the top priority sector because we are the second largest manufacturing in the world and our consumption within India is almost 95% of the shoes produced. The idea was that for Make in India, the overall objective to grow this trade which are reeling under high dose of taxation in the past and discrimination between materials and prices and tax slabs. The good part what the Read more…

By admin, ago
Footlight

Leather shoes may pinch under GST as prices likely to rise 5-7%

Leather shoes may pinch under the goods and services tax (GST) as the prices are expected to go up by an estimated 5-7%. The proposed GST rates may push up prices of footwear across categories, while leather as a segment is most likely to be hit due to high rates. The GST Council meeting, chaired by finance minister Arun Jaitley, on Saturday categorised footwear into two tax slabs—those priced below Rs500 will be taxed at Read more…

By admin, ago
Footwear Manufacturer

GST to bring down footwear prices

The government has announced GST rate of 5% for footwear below Rs 500 and 18% for other. The new rate structure has invited praise and appreciation from across the industry, from manufacturers to retailers and distributors as well from both domestic and foreign brands. Over the years, multiple taxes from excise duty, CST, State VAT, octroi, other local body taxes, along with misguided rates of abatement, had made footwear uncompetitive. High taxes had restricted the Read more…

By admin, ago
Footlight

Walmart Employees Will Start Delivering Online Orders — Will This Change What You Think of the Company?

  In its ongoing digital battle with Amazon, Wal-Mart Stores Inc. last week rolled out its latest combat strategy: associate delivery. The rise of e-commerce giant Amazon has created enormous challenges for traditional brick-and-mortar retailers. While many are implementing new strategies to counter digital pressures, few have stepped up to the plate quite like Walmart, arguably the biggest threat to Amazon’s rapid growth. And as the largest retailer in the U.S., perhaps Walmart is the Read more…

By admin, ago
Industry News

Cheaney turns to Italy for range of driving shoes

Men’s shoe brand Cheaney has unveiled a range of moccasins inspired by the Italian driving shoes first produced in the 1960s. The shoe has been given the name Donnington. They are made from calf leather and come in a variety of eye-catching colours, including burgundy, bottle green and cobalt blue. In a break from tradition, Cheaney is having the shoes made at a factory in Italy, rather than at its own factory in Desborough, UK. Read more…

By admin, ago
Footwear Manufacturer

Leather shoes may pinch under GST as prices likely to rise 5-7%

Leather shoes may pinch under the goods and services tax (GST) as the prices are expected to go up by an estimated 5-7%. The proposed GST rates may push up prices of footwear across categories, while leather as a segment is most likely to be hit due to high rates. The GST Council meeting, chaired by finance minister Arun Jaitley, on Saturday categorised footwear into two tax slabs—those priced below Rs500 will be taxed at Read more…

By admin, ago
Footwear Manufacturer

India’s $13 billion leather industry is worried sick after cattle slaughter ban

India’s decision to put a ban on cattle slaughter has become a cause of worry for several international fashion houses worried. Brands like Zara, Marks & Spencer, Prada, Hugo Boss and Armani, or their agents, have begun contacting their Indian suppliers asking them whether they would be able to deliver their commitments on supplying footwear, handbags, jackets, belts and other products. These suppliers, however, are afraid because of the government’s decision to ban cattle slaughter, Read more…

By admin, ago
Fashion Footwear

GST to be 5% on footwear below Rs 500, 18% on Rest

NEW DELHI: Footwear below Rs 500 will be taxed at 5 per cent under the Goods and Services Tax, while the rest would be in the 18 per cent bracket once the new regime is rolled out from July. Gold, on the other hand, will be taxed at 3 per cent and biscuits at 18 per cent.  The GST Council, chaired by Finance Minister Arun Jaitley and comprising his state counterparts, today decided on tax Read more…

By admin, ago
Footwear Manufacturer

Woodland’s Harkirat Singh says that indian leather bans have not hurt industry

In conversation with Harkirat Singh, MD, Woodland Worldwide, on the future of leather in India “I don’t think the industry has suffered much. We use a variety of leather, along with Indian leather for our products and have never had any problem when it comes to sourcing. The materials are sourced from the best places across India. In conversation with Harkirat Singh, MD, Woodland Worldwide, on the future of leather in India “I don’t think Read more…

By admin, ago
Industry News

Rs 4,000 crore incentive package for leather sector likely in July

The government is expected to announce a Rs 4,000-crore incentive package for the leather and footwear segment in July to boost manufacturing, exports and job creation in the country. The commerce and industry ministry, which has mooted the proposal, has asked for the Rs 4,000-crore package, which includes both tax and non-tax benefits on the lines of the steps announced for the textiles sector last year. A sum of Rs 500 crore has already been Read more…

By admin, ago