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Leather products exporters unhappy with tax rise

The recent goods and services tax (GST) increase on finished leather goods from 5% to 12% has been poorly received by the local leather supply chain and the Indian Leather Products Association fears the move will harm exports. 

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India raises leather work tax to 12%

India’s Goods and Services Tax (GST) Council has made the decision to increase GST tax on work related to the processing and manufacture of leather goods and footwear.

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Leather goods and saddlery lead Hermès Q1 sales rise

The French luxury group announced on April 15 that revenues at constant exchange rates came in at €2.8 billion (US$3.06 billion) in the three months to March, up 27% at constant exchange rates, beating consensus estimates, which had forecast 15% organic growth.

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