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Policy & Regulation
Intex calls for revamp of policies and procedures for payment of duties, taxes
TT Correspondent |  New Delhi |  10 Jun 2009

Indian Corporate Inc is gearing up to lobby hard for their concerns to be heard as part of the pre-budget phase with Intex Executive Vice Chairman, Ramesh Vaswani calling for numerous issues which need to be addressed in the upcoming budget.

“Digital divide needs to be addressed in various areas such as education, healthcare, farming inputs, e-governance, etc. and this can be best done by setting up Special Missions. Our villages must be brought on-line. Suitable funds must be allocated and schemes structured. Excise duty benefits to manufacturing units in J&K need to be brought back to original status. SAD has outlived its utility and needs to be abolished. Procedure for claiming refund of SAD needs to be simplified. There are several irritants in the policies and procedures for payment of duties/taxes and claiming exemptions or refunds which need to be addressed,” said Vaswani.

    
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10 Jun 2009(IST)  
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