TaxTMI 
TaxTMI 
Impose duty on imported capital goods: FICCI
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....mpose duty on imported capital goods: FICCI <br>News and Press Release<br>Dated:- 19-1-2010<br><BR>New Delhi, Jan 17 (PTI) The government should impose duty on imports of capital goods as the domestic....
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.... industry is facing cost disadvantage of 11-22 per cent, a FICCI study said. Exemptions from import duties for various projects have led to over five times increase in India's imports from USD 6.5 bi....
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....llion in 2003-04 to USD 30 billion in 2008-09, it said. "...these (capital goods) imports are now hurting the domestic industry and have captured significant market share of various capital goods in ....
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....the country," FICCI said. As a result of various exemptions like zero customs duty on capital goods imports and other disability factors, the cost disadvantage to the domestic industry as compared to....
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.... foreign suppliers comes in range of 11-22 per cent, it said.<BR> News - Press release - PIB....