budget wishlist in the metal packaging sector by Rexam HTW, India's largest manufacturer of 2 piece beverage cans

Hi,

 

Am enclosing herewith the budget wish list of the metal packaging sector and general view point from our client Rexam HTW. Request if you could consider it. The article can be attributed to Mr. Sanjay Bhatia, MD, Rexam HTW.

 

Mr. Bhatia is also the

• Vice President of Metal Container Manufacturers Association (MCMA)
• Vice Chairman of the Indian Institute of Packaging (IIP), and
• Managing Committee member of Federation of Indian Chamber of Commerce & Industry (FICCI) Associated Chambers of Commerce & Industry of India (ASSOCHAM) and International Chamber Of Commerce.

 

 

METAL PACKAGING INDUSTRY

 

·         Import duty on tinplate should be brought down to zero from 5%.  Since tinplate is being primarily used for manufacture of cans which is mainly for packing of all kinds of food and beverage products, it is essential to give further boost to agro based industry.

·         Industry is suffering because of inverted duty structure of excise on tinplate and OTS containers i.e.  While tinplate is subjected to duty of 8%, OTS cans are subjected to 4% and this is resulting into accumulation of credit with the industry, therefore, excise duty on tinplate should be reduced to 4%.

·         Deemed export to be treated at par with physical export under rule 19 of central excise for the purpose of refund of excise duty especially for packaging material as finally they are exported along with the product and this will help the industry to counter the issue of accumulation of credit.

 

 

GENERAL:

 

·         Economic and institutional reforms like quicker transition to a GST regime, roadmap for implementation of GST, push to the disinvestment program, financial market, relaxation of labour laws for certain employment intensive sectors. 

·         Focus on infrastructure projects including rural infrastructure

·         Availability and cost of credit

·         Social infrastructure like health and education

·         Governance issues to improve the effectiveness of delivery of its services, water, electricity, sanitation, drainage system etc.

·         Continuation of current excise duty of 8% and service tax of 10% fore the year 2009-10 in order to boost the economy.

·         Specially look at the areas of inverted duty structure like consumer electronics, colour televisions and electronic bikes etc.

·         CENVAT credit rules to be suitably amended to facilitate refund of accumulated cenvat credit.

·         Reduce central sales tax rate to 1% as already announced by the Government

 

 

 

Regards
 
Shweta Mistry
Account Manager
 
Good Relations (India) Pvt.  Ltd.

 

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