https://www.taxtmi.com/news?id=3299 The Union Budget 2012-13 raised the excise duty on synthetic fibers from ten percent to twelve percent; the Government received post budget representations requesting reduction and an optional excise duty to achieve a fibre neutral policy, but the Finance Bill proposals were not changed, while state-wise production and export statistics for textiles and yarns are published and the National Textile Policy 2000 is affirmed. en-us Mon, 14 May 2012 16:01:15 +0530 Mon, 14 May 2012 16:01:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3299 The Union Budget 2012-13 raised the excise duty on synthetic fibers from ten percent to twelve percent; the Government received post budget representations requesting reduction and an optional excise duty to achieve a fibre neutral policy, but the Finance Bill proposals were not changed, while state-wise production and export statistics for textiles and yarns are published and the National Textile Policy 2000 is affirmed. News - Mon, 14 May 2012 16:01:15 +0530 https://www.taxtmi.com/news?id=3299