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Budget Expectations of Textile Industry
July 2014
Reduction in excise duty on man-made staple fibres of Chapter 55 and filament yarns of Chapter 54. Interest rates to be capped at 7% for exporters. Expansion of interest subvention scheme to the entire MMF textiles sector. Best FTA treatment to SEZ units. Special Additional Duty (SAD) on MMF. 4% SAD on all man-made fibres should be abolished.
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