Manufacturing 2016

Budget 2016: Phasing out exemption key to support manufacturing, says FinMin

Ahead of the Budget, Finance Ministry today said tax exemptions cost exchequer about Rs 2 lakh crore annually and it is necessary to phase them out to provide a level playing field to domestic manufacturing companies so that Make in India can become a success.

Budget 2016: In Make in India push, govt plans tax sops for leather, gems and jewellery

Budget 2016: Mobile makers seek extension of differential pricing rules

Mobile and IT equipment makers have sought extension of differential pricing rules imposed on mobile phones to other categories of electronic products, a move that will boost domestic manufacturing.

Budget 2016: Consumer electronics industry seeks duty structure review

Consumer electronics and appliances manufacturers have sought a review of the duty structure for the sector, including exemption from customs levy for key parts, to boost domestic manufacturing.

Budget 2016: Engineering exporters' body wants certain tax exemptions for firms to go on

In pre-Budget meeting with Finance Minister Arun Jaitley, EEPC said if the deductions have to be phased out, then the corporate tax rate should be brought down to the MAT rate of 18 percent, or at least export income should be taxed at the MAT rate.

Budget 2016: Textile mills seek rationalisation of duty structure on MMF

Member textile mills of Indian Texpreneurs Federation (ITF) today appealed to Prime Minister Narendra Modi to rationalise duty structure on Man Made Fibre (MMF), which they claimed can transform the textile industry towards higher growth rate.

Budget 2016: 'Highly taxed' auto industry seeks relief in Budget

Stating that the automotive industry in India is "highly taxed" with levies accounting for up to 77 per cent on cost, SIAM has asked the government to merge multiple taxes into a single excise duty