Tech Jungle


Sugar industry seeks excise duty deferral to stay afloat
June 4, 2007, 3:06 pm
Filed under: FINANCE

The beleaguered sugar industry, struggling to come to terms with low realisation and surplus production, has sought deferral of excise duty for a period of two years in a bid to extricate itself from the financial mess it finds itself in. A memorandum seeking such a relief has been submitted by the Indian Sugar Mills Association (ISMA) to the food ministry a few days back. Confirming the development, ISMA secretary-general SL Jain said that the industry is facing an unprecedented situation with sugar prices declining steeply.

Advertisements

Leave a Comment so far
Leave a comment



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s



%d bloggers like this: