Should India be able to decouple itself from US Subprime Impact?

Monday, September 17, 2007

Duty-free paper may replace DEPB

NEW DELHI: In a move that could boost profitability of exporters, the government is considering issue of duty-free scrips to offset various state-level taxes. The levies include sales tax on petroleum products, central sales tax (CST), electricity duty, octroi, mandi fees, purchase tax, octroi, development tax and toll tax.

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