Dear Bharat,
This is regarding my client Hassia Packaging.
Would like to explore an opportunity for profiling Mr. K.Ravi, Managing Director, Hassia Packaging Pvt. Ltd in Budget Line.
Below, please find the quote on pre- budget expectations from the General Budget 09
Mr. K Ravi, Managing Director, Hassia Packaging Pvt. Ltd.
“In reference to the Packaging industry, we expect the Finance Minister to keep it simple, Fixed Rate with minimum exemptions and surcharge. Further excise exemption for industries which cannot avail MODVAT especially the Dairy industry. This would help in proving a boost to the food processing industry in general, which in turn would help the packaging industry. Also further simplification of duty drawback procedure is needed. For instance, a measure like self- declaration by the exporters in regard to the import content instead of insisting on a chartered engineer certificate, option of exemption at the import stage instead of drawback facility after export, would help in promoting export of capital goods and machinery. This would subsequently help to promote employment and also consecutively reduce transaction costs. We also expect measures to improve domestic consumption, which will help the packaging industry. In short more procedural simplification than any fiscal incentives”
Please let me know if you require any further information
Regards,
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Dhira Deka
Image Executive
Perfect Relations Ltd.
L 93/94,Lajpat Nagar II
New Delhi - 110024
Tel: 91-11-46667666
Fax: 91-11-46667603
Mobile: +91-9958269853
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