![]() Financial Daily from THE HINDU group of publications Tuesday, May 13, 2003 |
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Industry & Economy
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Textiles Powerloom weavers court arrest Our Bureau
COIMBATORE, May 12 EVEN as the extended deadline for declaration of textile stocks for `Cenvat' duty credit claims expires on Monday, the Erode-based textile traders and powerloom weavers largely connected to the grey fabric trading went on a picketing agitation and courted arrest. At least over 2,000 weavers/traders who took part in the picketing programme in Erode were picked up by the Police for attempting road-blockade. The powerloom weavers and textile traders dealing in unprocessed fabric production and marketing in Erode and nearby Namakkal district joined the picketing. Most of the textile traders/loom operators in these two major weaving clusters who are yet to register with the excise authorities or declare their stocks have also not fully restarted their weaving operations. Unlike the grey fabric producers, the weavers who are producing the yarn dyed fabrics in the clusters in the neighbouring Salem district have begun their cloth production. Mr Nataraja Mudaliar, President of the Erode Handloom Textile Traders Association/Erode All-Traders Association, told Business Line that members of his association who were opposed to the `Cenvat' duty had decided not to register with the excise authorities till the Government withholds the extension of Cenvat duty to grey fabrics. His trade body had asked the Government to hold back the levy till 2005 or collect the duty either at the yarn stage or at the calendaring process stage as small weavers producing and marketing grey would not be able to comply with the excise procedure, he pointed out.
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