Interim budget announced by Finance Minister has disappointed the plastic industry. The highlights:
No reduction in customs duty on polymers.
No reduction in excise duty
No increase in customs duty on finished plastics goods
No change in direct taxes, no change in indirect taxes on polymers
Reduction of mere 2% in excise duty only on items falling under chapter 84 & 85 of C. E.
Tariff (machinery, mechanical appliances & parts and electrical/electronic machinery & equipment)
Reduction of 3-6% excise duty on automobiles.
19-Feb-14 
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