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Budget update - Indian aluminum utensil makers befuddled over excise duty
Edited by : AL CIRCLE
1 min read
...Imposition of excise duty on utensils has not augured well for the utensil manufacturers in the region with the industry being befuddled over the decision.
In the union budget 2011 to 2012 of the 370 items, which were exempted from central excise duty but chargeable to Value Added Tax, 130 items have been brought under 1% Excise duty. ..
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