(India) he paper industry has sought a cut in excise duty on paper and paperboards and withdrawal of customs duty on import of environment-friendly manufacturing machinery in the forthcoming federal budget.
"Government needs to look at this sector just like the agro sector," Pradeep Dhobale, president of Indian Paper Manufacturers Association (IPMA), said. In a memorandum to the federal government, IPMA has sought reduction of excise duty to 8 per cent from 12 per cent now, which it estimates would translate into a loss of Rs 292 crore annually to the government.
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"Government needs to look at this sector just like the agro sector," Pradeep Dhobale, president of Indian Paper Manufacturers Association (IPMA), said. In a memorandum to the federal government, IPMA has sought reduction of excise duty to 8 per cent from 12 per cent now, which it estimates would translate into a loss of Rs 292 crore annually to the government.
(Read the complete story by clicking the headline link above)
Comment on this story Bookmark this story
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