https://www.taxtmi.com/news?id=29547 The Ministry of Textiles' revised pricing framework for jute bags fixes a return on capital for mills, applies retrospectively from September 2016, and revises the return policy to favour mills. Industry and official estimates of the resulting pricing impact diverge-industry cites about a four to five percent increase in bag prices, while the Jute Commissioner estimates total mill benefits between six and eight percent when other modifications are included. The framework is presented as benefiting mill workers and farmer households, with parallel emphasis on value addition, innovation and R&D; government supply contracts are excluded from the proposed finished-goods value accretion. en-us Mon, 06 Jan 2025 13:31:03 +0530 Mon, 06 Jan 2025 13:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=29547 The Ministry of Textiles' revised pricing framework for jute bags fixes a return on capital for mills, applies retrospectively from September 2016, and revises the return policy to favour mills. Industry and official estimates of the resulting pricing impact diverge-industry cites about a four to five percent increase in bag prices, while the Jute Commissioner estimates total mill benefits between six and eight percent when other modifications are included. The framework is presented as benefiting mill workers and farmer households, with parallel emphasis on value addition, innovation and R&D; government supply contracts are excluded from the proposed finished-goods value accretion. News - Mon, 06 Jan 2025 13:31:03 +0530 https://www.taxtmi.com/news?id=29547