| |
| | Financial Express: Duty rationalisation to aid electrical-part companies (Site not responding. Last check: 2007-10-30) |
 | | Mumbai, Mar 3: The electrical-equipment industry will become competitive with the rationalisation of the duty structure in the budget. |
 | | He hoped that the Government would eventually introduce a single rate of excise for the electrical industry.The industry has also welcomed the 5 per cent customs duty for equipment imported (under project imports), which includes the once-exempt fertiliser projects. |
 | | The rationalisation has, however, provided a level-playing field in many cases, he said, adding that the full impact of the budget on the industry is yet to be analysed.At the same time, in case the product is sold under the deemed export category, getting this refunded has been a nuisance, said Emco Transformers' G Venkatraman. |
| www.expressindia.com /fe/daily/19990304/fec04028p.html (442 words) |
|