Impose duty on imported capital goods: FICCI

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..... Impose duty on imported capital goods: FICCI - News and Press Release Dated:- 19-1-2010 - News - New Delhi, Jan 17 (PTI) The government should impose duty on imports of capital goods as the domest .....

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..... ic 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 .....

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..... billion 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 i .....

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..... n 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 .....

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..... to foreign suppliers comes in range of 11-22 per cent, it said. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITa .....

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..... x .....

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