(India) Prices of writing and printing paper are likely to come down by Rs 1,500 to Rs 2,000 per tonne after Finance Minister P. Chidambaram announced a 4 per cent excise duty cut on mills using non-conventional inputs.
Mill owners, who use waste paper as the main input, expect prices to come down to around Rs 38,000 per tonne from Rs 40,000 per tonne. According to industry circles, the move to bring down excise duty to 8 per cent from 12 per cent on paper mills that use non-conventional material is a correction in the duty structure.
(To read the complete story, click the headline link above)
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Mill owners, who use waste paper as the main input, expect prices to come down to around Rs 38,000 per tonne from Rs 40,000 per tonne. According to industry circles, the move to bring down excise duty to 8 per cent from 12 per cent on paper mills that use non-conventional material is a correction in the duty structure.
(To read the complete story, click the headline link above)
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