Budget wishlist

Dear Sir / Madam,

 

With the budget day coming up, there are expectations/ wish list from across sectors. Enclosed herewith is the wish list from Rexam HTW, India's largest manufacturer of beverage cans.

 

 

Mr.Sanjay Bhatia- Managing Director 

 

 

·         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

 

 

METAL PACKAGING INDUSTRY

 

·         Import duty on tinplate should be brought down to zero from 5%.  Since tinplate is being primarily used for manufacture of c ans 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.

 

 

 

About Rexam HTW

Rexam: Rexam is the world's second largest consumer packaging company. It is the leading global beverage can maker and one of the global leaders in rigid plastic packaging. Our vision is to be the leading global consumer packaging company.

We are business partners to some of the world's most famous and successful consumer brands as well as young, entrepreneurial start-ups. We offer a broad range of packaging services and solutions for different industries, using different materials and technologies. Three things characterise us - leadership in our industry, our commitment to innovation and our passion to deliver exceptional value.

Rexam's turnover is approximately £3.6 billion. We employ some 22,000 people in more than 20 countries and are a member of the FTSE 100. Rexam's ordinary shares are listed with the UK Listing Authority and trade on the London Stock Exchange under the symbol REX.

 

 

Regards

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Kheman Kumar
Asso. Account Manager
Good Relations (India) Pvt. Ltd.
New Delhi
Mob: 9871829296
Ph: 011- 40669900
Fax: 011-43742275
E-mail: kheman@gri.co.in
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Thank you.