Financial Daily from THE HINDU group of publications
Wednesday, Feb 04, 2004
Financial Daily from THE HINDU group of publications Wednesday, Feb 04, 2004 |
||
|
|
||
|
Opinion
-
Budget Industry & Economy - Engineering Capital goods: Countering import competition Sowmya Sundar
The Government has announced that the deemed export benefits would be extended to indigenous manufacturers who make products that are, at present, exempted from countervailing duty (CVD) on imports. Some of the products that are exempt from CVD are pumps, fans and compressors. Domestic manufacturers of these products such as KSB Pumps, ELGI Equipments, Ingersoll Rand and Crompton Greaves will benefit by way of lower import duties on inputs and refund of terminal excise duty. These players would now have a level-playing field vis-à-vis imported goods.
More Stories on : Budget | Engineering
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|