Local Hot Spot: Lanxi Textile Industry Association Holds Industry Self Discipline Forum

Recently, the leisure fabric branch of Lanxi Textile Industry Association of Zhejiang Province held a forum on industry self-discipline in the field of grey cloth sales, and representatives of 23 leading backbone enterprises attended the forum. The purpose of the meeting is to jointly resist the non-standard use of invoices in the industry, ensure the legitimate operation of textile enterprises, maintain a reasonable and orderly market environment for fair competition, and promote the healthy and stable development of the textile industry. After full discussion and consensus reached by the representatives of participating enterprises, a self-discipline convention in the field of grey cloth sales was finally formed.

Previously, in order to standardize the issuance and use of VAT special invoices, Lanxi textile industry association actively negotiated and communicated with relevant government departments on the basis of collecting industry public opinion and full investigation. On March 3, this year, Lanxi Textile Industry Association issued an initiative on "standardizing the issuance of VAT invoices from April 1". Since the proposal was issued four months ago, Lanxi textile enterprises have earnestly implemented the self-discipline convention and standardized the issuance of VAT special invoices in the business process.

(source: China Cotton Textile Industry Association)