India Inc: Retaining excise duty benefits for auto
sector
12/06/2014 17:43
India Inc today pressed for continuation of excise duty benefits to the auto industry, asking the government to take concrete action to arrest slowdown in manufacturing sector, reported PTI. "It was a very interactive and useful session. Lots of ideas have come. Several issues related with Budget also came up for discussion. I will discuss that with the Finance Minister," Sitharaman told reporters after the 90-minute meeting with the representatives of industry chamber CII. Mahindra and Mahindra Executive Director Pawan Goenka said that he raised the issues concerning the auto sector and demanded continuation of lower excise duties for the automobile industry, reported PTI. "Without the growth in auto sector, it will be difficult for the country to grow in double digits...We made a very strong request about the continuation of excise duty relaxation for the sector in the Budget," Goenka said. Auto sector contributes about 7 per cent in the country's economic growth, added the media report.
12/06/2014 17:43
India Inc today pressed for continuation of excise duty benefits to the auto industry, asking the government to take concrete action to arrest slowdown in manufacturing sector, reported PTI. "It was a very interactive and useful session. Lots of ideas have come. Several issues related with Budget also came up for discussion. I will discuss that with the Finance Minister," Sitharaman told reporters after the 90-minute meeting with the representatives of industry chamber CII. Mahindra and Mahindra Executive Director Pawan Goenka said that he raised the issues concerning the auto sector and demanded continuation of lower excise duties for the automobile industry, reported PTI. "Without the growth in auto sector, it will be difficult for the country to grow in double digits...We made a very strong request about the continuation of excise duty relaxation for the sector in the Budget," Goenka said. Auto sector contributes about 7 per cent in the country's economic growth, added the media report.
