The Hindu Business Line : ‘Restore duty sops to N-E industries’

Kolkata, June 26 The Indian Chamber of Commerce has pleaded for restoration of original excise duty concession granted by North-East Industrial and Investment Promotion Policy (NEIIPP) to industries in the north-eastern region.

NEIIP 2007 had granted 100 per cent excise duty exemption on finished goods made in the north-east with the objective of attracting investments to the region. The chamber has told the Central Government that the recent amendments made to the policy through departmental notifications have reduced the available excise duty benefits.

At a meeting held in New Delhi recently, the chamber had pointed out that it taken a lot of effort to promote the region as an investment destination and that the policy of full excise duty exemption was beginning to pay off. The dilution of the policy through departmental notifications was however negating the Government’s efforts to develop the north-eastern region, the chamber felt.

More Stories on : Industry Associations | West Bengal

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Govt okays Rs 450-cr subsidy for rural godowns

Cabinet approves grant for drug R&D

Satyam, Sciformix to help drug cos with data management

Lanco plans wind energy foray

Kerala to face load-shedding from today

Kerala’s tax revenue at Rs 13,699 cr

Ministry in favour of cutting import duty on cotton

Manipal varsity, MDN ink pact

‘Restore duty sops to N-E industries’

AP journalists get bail

Mumbai port privatisation move to render 100 workers jobless

‘Intangible assets are key drivers of market value’

Cotton association seeks cap on exports to maintain domestic supply

Tea tourism: A concept that’s catching on