Financial Daily from THE HINDU group of publications
Sunday, Apr 20, 2003
Financial Daily from THE HINDU group of publications Sunday, Apr 20, 2003 |
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Industry & Economy
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Textiles Powerloom body seeks relief from Cenvat Our Bureau
NEW DELHI, April 19 THE All-India Co-ordination Committee for Powerloom Centres, a new body formed to represent the interests of powerloom industry, has urged the Government to postpone for the time-being the imposition of Cenvat duty (excise) on this segment. In a statement, the new body highlighted that over 18 lakh powerlooms have now been shut down in the country. It held that a new method of taxation could be evolved in due course through joint consultation between trade, industry and the Government.
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