Financial Daily from THE HINDU group of publications
Tuesday, Jun 08, 2004
Financial Daily from THE HINDU group of publications Tuesday, Jun 08, 2004 |
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Opinion
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Letters Environmental compliance
This is with reference to "Industry seeks fiscal incentives for environmental compliance" (Business Line, June 2). A group of CEOs, in a survey conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) on environmental technology absorption by the industry, have suggested fiscal incentives — benefits in taxation and Customs duty, and preferential treatment — from the government to companies which comply with environmental regulations. They wanted a Customs duty waiver on pollution control equipment, sales tax exemption on purchase of pollution control equipment, soft loans to install pollution control measures and new technologies for mitigation of pollution, higher depreciation allowance under the Income-Tax Act from 100 per cent to 150 per cent and exemption of excise duty for products manufactured through an environment-friendly process. M. P. Sukumaran Nair Kochi Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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