Mixed impact

Adesh Gupta, president, Indian Rayon

Reduction in customs duty would have to be passed on to customers.

The cut in the excise duty would bring about savings, reduction in subsidy on kerosene would affect the carbon blac division. The company, with sales of readymade garments to the tune of Rs 3.50 billion would see an improvement of about 1.9 per cent to the company's bottomline.

"The reduction in the customs duty would have to be passed on to the customers as the sector is going through an absolutely bad phase."

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