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Our Bureau

Mumbai, March 1

The rubber industry has been left out in the Finance Bill 2006/2007, industry representatives said.

The Budget was a big let down as far as the general industry is concerned and the rubber industry in particular, Mr Yogen Lathia, President All India Rubber Industry Association, said. Commenting on the Budget, Mr Lathia said, "The industry, reeling under record high prices of natural rubber, has not got any relief. The industry as a whole has not benefited much except the nominal reduction in the customs duty." The only silver lining for industry is the target date of April 1, 2010 for GST.

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