INDIA: Synthetic Fibre Makers Demand Import Duty Cuts
Nine of the leading synthetic fibre producers of the country have written to the Prime Minister, asking that the existing import duty on inputs like PTA, DMT, MEG and caprolactum be lowered and a uniform rate of excise duty of 12 per cent be fixed on yarns of all kinds. According to sources, the producers have sought an audience with the prime minister to present their case, the Hindu Business Standard reported.
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