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Removal of 1% NCCD fails to encourage Gupta Synthetics Limited
03
Mar '08
Giving his comments to Fibre2fashion about budget 2008-09, Mr Sunil Gupta, Director of Gupta Synthetics stated, “There has been no major change except for removal of 1 percent NCCD on polyester filament yarn.”

Further, the Head of Gupta Synthetics also opined, “The expected cut in excise duty also did not materialize”.

On the whole, budget 2008-09 turned out to be a disappointment for the company, which was hopeful about better incentives from the Government.

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