Vinit Sikka, Company Secretary, Shivalik Global Ltd gives his pre-budget comments exclusively to Fibre2fashion.
Taxes should be reduced and there should be systematic incentives provided to the producers and manufacturing unit.
This will increase the production. Budget should be production oriented.
It should be flexible in terms of sales tax, custom duty, excise duty etc.
If there is increase in the taxes it will be burden some for the industry.
From general public point of view, slab of tax should be increased so that people can expand.
Fibre2fashion News Desk - India
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