Pratibha Syntex Director's expectations from Budget 2007-8
Snehakar Bansal(Director) - Pratibha Syntex
Pratibha Syntex Director Snehakar Bansal speaks about his views and hopes from the Union Budget 2007-8:
My expectations from the Budget are:
1) The excise duty on polyester fibre, which is at present 8% should be reduced by maximum 4%.
2) Excise duty on cotton yarn, which is at present 4% should be abolished totally.
3) Personal Income Tax exemption limit should be increased from Rs. 1 lakh to Rs.2 lakhs.
4) Duty draw back norms should remain same and should not be changed.
5) TUFF Scheme should be extended to minimum 2 more years.
6) Import duty on cotton should be reduced from 10% to 0%.
Pratibha Syntex Ltd
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