ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Clippings

Clippings Cloth prices would not come down as a result of the budgetary proposals, according to cotton textile industry sources. Initial expectations were that the shift in the pattern of excise levy from specific duties to ad valorem basis would lead to a lowering of prices in the medium and coarse categories, while those in the fine and superfine categories will move up. But a closer inspection of the excise structure has led industry sources to believe that the prices of lower medium and coarse categories would be maintained at current levels while those of higher medium, fine and superfine categories would escalate.

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