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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. 


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.


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.