The decision to invest Rs 100 crore by Union Government would boost replantation activity. Reduction of customs duty on packaging items from 15 per cent to 5 per cent would help us to innovate and create new avenues for tea packaging. The EOU clearances to DTAs at 25 per cent basic custom duty plus excise duty would benefit our operations. The extension of service tax to auctioneering would have a marginal increase on input cost. Changes in fringe benefit tax would benefit our operations.
(This article was published in the Business Line print edition dated March 1, 2006)