capital goods: retain customs duty on metals
If the metal tariff is raised, domestic metal prices in the United States will rise faster than global prices, and the capital goods department seeks to keep it at its current level.
India\'s capital goods industry has taken an important position in the country\'s rapid economic growth, and strong investment spending in infrastructure and manufacturing has also declined.
After the slowdown, new orders, especially manufacturing, slowed.
While industry participants have strong orders, there are signs that developers/customers have put on hold projects that affect the capital goods industry.
While manufacturing is more affected by the economic slowdown and the credit crunch, NHAI, PowerGrid and others have experienced excessive delays in completing contracts/projects in the infrastructure sector.
However, as the Indian government emphasizes that infrastructure epoxy development is a panacea for the economic slowdown, there will be greater forces to accelerate the development of infrastructure, this is for capital goods mining, roads and urban infrastructure that meet infrastructure sectors such as electricity.
The Indian capital goods sector, which consists of multinational corporations, public and private sector Indian companies and a large number of SMEs, continues to bear the burden of reverse tariff structures and tax anomalies.
Even if tariffs are imposed on capital goods (
Under chapters 84, 85 and 90)
Reduced to 7. 5% from 12.
In January 22, 5% and 07, with the reduction in tariffs used to manufacture many capital goods, such as alloy steel, non-ferrous metals and ball bearings, among some other capital goods, the main inputs still attract higher tariffs than finished products.
For example, tariffs on alloy/non-seamless steel pipes
The alloy steel used in boilers and heat exchangers is 10%, and the duty on boilers and heat exchangers is less than 10%.
This puts the domestic capital goods industry at a competitive disadvantage.
Similarly, some types of projects and other capital goods are exempt from a 4% CVD to compensate for the local sales level tax, while domestic participants supplied to these projects are not exempt from VAT/central sales tax.
According to IEEMA, the competitive disadvantage of domestic players is 12. 57% to 24.
In terms of zero-tariff items, imports amounted to 54% per cent.
In order to maintain the competitive power of Indian Industry, the central government
Coordination with the state government to rationalize/develop policies that help reduce the number of taxes, streamline procedures, reduce transaction costs, financing costs, etc.
Or, these taxes should be cashed out.
The capital goods sector is the only engineering sector with a base tariff of 0%, 5% and 7. 5%.
Although of the capital goods under the 0% tariff category, domestic manufacturers have the benefit of being considered as exports, this is not available for the other two preferential categories.
In addition, although domestic manufacturers are allowed to import their inputs at the same tariff rate as finished capital goods, certain items are not able to import disadvantages under balanced tariffs.
Extend 15% of the price concessions in the domestic industry to all international competitive bidding (ICB)projects.
Before implementing a uniform GST, a 8% excise tax should be imposed on all products supplied to power generation, transmission and distribution projects.
Tariffs on steel and other sign related products should be maintained at the current level to maintain the competitive power of the electrical industry.
It is considered that exports should be treated equally with physical exports, thus creating a level playing field in the payment of terminal excise duties and other benefits available for physical exports.
Funding from other bilateral funding agencies, such as IFAD, the OPEC Fund and the Swedish International Development Cooperation Agency.
It should also be specified under the privilege and sponsorship act that projects under such funding should be specified in
108/95 exemption from consumption tax is required.
In order to meet the huge demand for transformer capacity, incentives and policy measures should be put in place to establish local CRGO capacity. Insulator -
The tariff on insulator is 7.
5% the tariff on raw material MCI caps, epoxy, hardening agent, blue stains and filter cloth and LPG/LNG is higher at 10% hours.
Therefore, in addition to LPG/LNG, the tariff on raw materials should be reduced to 5% and the tariff on LPG/LNG should sign be reduced to zero.
Cable-
The tariff on cables is 7.
5% of its raw materialse.
Cable dipping compounds, Vaseline, glue, polychlorin (PCP)
Rubber, synthetic rubber (CSP)
, Nolco Flex S, electrical grade cable insulation paper, SC carbon black color paper, non-
All aluminum conductors, glass Masterbatch, woven polyester tap (AAC)
All conductor steel bars (ACSR), Lead Alloy (wrought)
The welding wiring and optical fiber are 10%.
Therefore, the tariff on the raw materials of the above Cable should be reduced from 5% of the current to 10%.
In order to encourage the development of electrical equipment, pharmaceutical and biological companies should deduct 150% or more income tax concessions for R & D expenditures based on deductible expenditures. tech etc.
In addition, price concessions/support are given for self-designed and patented products.
Infrastructure improvement should be a top priority, and the new plan to replace DEPB should consider not only the actual cost of tariffs, but also the additional costs and higher transaction costs of the relatively poor infrastructure mentioned above.
In general, the government exempts tax coverage from all activities carried out in rural areas as an industrial or any form of infrastructure development to encourage these activities.
Similarly, the government should expand these tax benefits to RGGVY, as envisaged by the development of other rural areas.
This will result in a 25% reduction in the cost of the program.
Electricity sector service providers, such as turnkey operators, O & M service providers, will include income tax 80 ia and service tax 1994 Financial act 65. The Govt.
Has been providing financial epoxy incentives for large and super-large enterprises
Large power projects.
IEEMA seeks to extend similar benefits to other power sector projects, including transmission and distribution (T&D)Projects.
Reduce the tariff from 10% to 7.
5% seamless steel pipe and pipe
Alloy/alloy steel for the manufacture of capital goods, steel castings and forgings, and tubes/tubes and hoses for vulcanization rubber.
Impose a 4% special CVD on all types of projects and other projects involving the import of capital goods, canceling exemptions to offset internal taxes such as CST/VAT.
Import of items and other 0% types of capital goods shall be canceled.
Although it is unlikely that the government will impose tariffs on project imports, as the country needs to accelerate the development of power generation capacity, resin the industry is currently looking to impose a 0% tariff.
However, it is possible to further allocate projects such as APDRP, Rural Electrified (RGGVY)
Good sign for industries such as TUF.
Both BHEL, Crompton GreavesPolicy and the regulatory framework may encourage more investment to flow to the power sector and other infrastructure sectors, thus driving the economy.
The high emphasis on infrastructure will continue to drive demand for capital goods.
Total Union Budget 2008
Even if project imports continue to attract lower import taxes and preferential treatment, 09
India\'s capital goods industry has taken an important position in the country\'s rapid economic growth, and strong investment spending in infrastructure and manufacturing has also declined.
After the slowdown, new orders, especially manufacturing, slowed.
While industry participants have strong orders, there are signs that developers/customers have put on hold projects that affect the capital goods industry.
While manufacturing is more affected by the economic slowdown and the credit crunch, NHAI, PowerGrid and others have experienced excessive delays in completing contracts/projects in the infrastructure sector.
However, as the Indian government emphasizes that infrastructure epoxy development is a panacea for the economic slowdown, there will be greater forces to accelerate the development of infrastructure, this is for capital goods mining, roads and urban infrastructure that meet infrastructure sectors such as electricity.
The Indian capital goods sector, which consists of multinational corporations, public and private sector Indian companies and a large number of SMEs, continues to bear the burden of reverse tariff structures and tax anomalies.
Even if tariffs are imposed on capital goods (
Under chapters 84, 85 and 90)
Reduced to 7. 5% from 12.
In January 22, 5% and 07, with the reduction in tariffs used to manufacture many capital goods, such as alloy steel, non-ferrous metals and ball bearings, among some other capital goods, the main inputs still attract higher tariffs than finished products.
For example, tariffs on alloy/non-seamless steel pipes
The alloy steel used in boilers and heat exchangers is 10%, and the duty on boilers and heat exchangers is less than 10%.
This puts the domestic capital goods industry at a competitive disadvantage.
Similarly, some types of projects and other capital goods are exempt from a 4% CVD to compensate for the local sales level tax, while domestic participants supplied to these projects are not exempt from VAT/central sales tax.
According to IEEMA, the competitive disadvantage of domestic players is 12. 57% to 24.
In terms of zero-tariff items, imports amounted to 54% per cent.
In order to maintain the competitive power of Indian Industry, the central government
Coordination with the state government to rationalize/develop policies that help reduce the number of taxes, streamline procedures, reduce transaction costs, financing costs, etc.
Or, these taxes should be cashed out.
The capital goods sector is the only engineering sector with a base tariff of 0%, 5% and 7. 5%.
Although of the capital goods under the 0% tariff category, domestic manufacturers have the benefit of being considered as exports, this is not available for the other two preferential categories.
In addition, although domestic manufacturers are allowed to import their inputs at the same tariff rate as finished capital goods, certain items are not able to import disadvantages under balanced tariffs.
Extend 15% of the price concessions in the domestic industry to all international competitive bidding (ICB)projects.
Before implementing a uniform GST, a 8% excise tax should be imposed on all products supplied to power generation, transmission and distribution projects.
Tariffs on steel and other sign related products should be maintained at the current level to maintain the competitive power of the electrical industry.
It is considered that exports should be treated equally with physical exports, thus creating a level playing field in the payment of terminal excise duties and other benefits available for physical exports.
Funding from other bilateral funding agencies, such as IFAD, the OPEC Fund and the Swedish International Development Cooperation Agency.
It should also be specified under the privilege and sponsorship act that projects under such funding should be specified in
108/95 exemption from consumption tax is required.
In order to meet the huge demand for transformer capacity, incentives and policy measures should be put in place to establish local CRGO capacity. Insulator -
The tariff on insulator is 7.
5% the tariff on raw material MCI caps, epoxy, hardening agent, blue stains and filter cloth and LPG/LNG is higher at 10% hours.
Therefore, in addition to LPG/LNG, the tariff on raw materials should be reduced to 5% and the tariff on LPG/LNG should sign be reduced to zero.
Cable-
The tariff on cables is 7.
5% of its raw materialse.
Cable dipping compounds, Vaseline, glue, polychlorin (PCP)
Rubber, synthetic rubber (CSP)
, Nolco Flex S, electrical grade cable insulation paper, SC carbon black color paper, non-
All aluminum conductors, glass Masterbatch, woven polyester tap (AAC)
All conductor steel bars (ACSR), Lead Alloy (wrought)
The welding wiring and optical fiber are 10%.
Therefore, the tariff on the raw materials of the above Cable should be reduced from 5% of the current to 10%.
In order to encourage the development of electrical equipment, pharmaceutical and biological companies should deduct 150% or more income tax concessions for R & D expenditures based on deductible expenditures. tech etc.
In addition, price concessions/support are given for self-designed and patented products.
Infrastructure improvement should be a top priority, and the new plan to replace DEPB should consider not only the actual cost of tariffs, but also the additional costs and higher transaction costs of the relatively poor infrastructure mentioned above.
In general, the government exempts tax coverage from all activities carried out in rural areas as an industrial or any form of infrastructure development to encourage these activities.
Similarly, the government should expand these tax benefits to RGGVY, as envisaged by the development of other rural areas.
This will result in a 25% reduction in the cost of the program.
Electricity sector service providers, such as turnkey operators, O & M service providers, will include income tax 80 ia and service tax 1994 Financial act 65. The Govt.
Has been providing financial epoxy incentives for large and super-large enterprises
Large power projects.
IEEMA seeks to extend similar benefits to other power sector projects, including transmission and distribution (T&D)Projects.
Reduce the tariff from 10% to 7.
5% seamless steel pipe and pipe
Alloy/alloy steel for the manufacture of capital goods, steel castings and forgings, and tubes/tubes and hoses for vulcanization rubber.
Impose a 4% special CVD on all types of projects and other projects involving the import of capital goods, canceling exemptions to offset internal taxes such as CST/VAT.
Import of items and other 0% types of capital goods shall be canceled.
Although it is unlikely that the government will impose tariffs on project imports, as the country needs to accelerate the development of power generation capacity, resin the industry is currently looking to impose a 0% tariff.
However, it is possible to further allocate projects such as APDRP, Rural Electrified (RGGVY)
Good sign for industries such as TUF.
Both BHEL, Crompton GreavesPolicy and the regulatory framework may encourage more investment to flow to the power sector and other infrastructure sectors, thus driving the economy.
The high emphasis on infrastructure will continue to drive demand for capital goods.
Total Union Budget 2008
Even if project imports continue to attract lower import taxes and preferential treatment, 09
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