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With its gaining a substantial mandate, the UPA Government is now more open-minded to implement such industrial reforms which may produce in the quickest possible benefits for the teeming millions.

Unfortunately, the policy of liberalisation ushered in as a panacea for all the ills has an adverse impact also in some cases. With a few major plastic raw material producing industries holding sway there is the problem of scarcity and the small and micro industries have to face an ordeal.

The Government offered a few sops such as direct import of plastic raw material by small and micro industries to help the industry overcome its problems. But all this was just a flea-bite. Hence, the Government must focus on the following core issues:

• The current Customs duty at 5 per cent on plastic raw materials and additional import duty at 4 per cent should be removed.

• A Customs duty at 10 per cent should be imposed on all the exports of plastic raw materials.

• Excise duty limit should be raised from its existing Rs 1.5 crore to Rs 5 crore. An integrated Petro Chemical Complex should be started for the southern region.

G. Sankaran, President, Tamil Nadu, Pondy Plastic Manufacturers and Merchants Association

More Stories on : Excise and Customs | Plastics | Budget

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