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

New Delhi, Jan 17 (PTI) The government should impose duty on imports of capital goods as the domesti .....

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..... c 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 b .....

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..... illion 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 t .....

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..... o foreign suppliers comes in range of 11-22 per cent, it said.
News - Press release - PIB .....

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