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MV Kotwal the director for heavy industries at L&T

Extension of 2 % reduction in excise duty up to Dec 31- No major boost to the capital goods sector

Extension of 2 % reduction in excise duty up to Dec 31- No major boost to the capital goods sector
The six-month extension in excise duty concession announced by the Finance minister Arun Jaitley on Wednesday came as a small relief for the capital goods and consumer durables industries; however the economy of the country needs a drastic uplift for the sector to breathe easy. The buying power has reduced which had an adverse effect [...] Continue Reading »



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