INDIA: Textile Associations Protest Over Excise Loopholes
Textile associations in Tamil Nadu have urged the government to tighten up loopholes in the excise chain which it says encourage evasion. Mr Manikam Ramaswami, chairman of the Southern India Mills Association (SIMA) said loopholes - such as the fact that powerloom fabric does not have any duty and processed fabric has three types of duty - give rise to evasion.
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