INDIA: Excise Duty Will Kill Branded Market Says Action Group
THE Action Group for Removal of Excise Duty on Ready-made Garments Industry (AGREGI) has expressed disappointment over the decision of the Government to ignore their plea for withdrawal of the 16 per cent excise duty on registered branded garments. "We are totally disappointed. The move to retain excise duty on branded garments and also bring in the unbranded garments under the excise fold is going to kill the industry. The Government has ignored the genuine proposals of the domestic industry", Mr Rahul Mehta, Convenor, AGREGI, told the Hindu Business Line.
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