Petrochemicals sector seeks cut in excise duty on Naphtha to 8%, increase customs duty on polymers, chemicals & fibre intermediates to 10% and to remove customs duty on naphtha & propane.
It would be pertinent to rationalize the duty on polymers to generate more investment in the sector.
Excise duty cut to boost Polymers sector.
Union budget provides no major fillip to the ailing sector.
Contrary to expectations of the chemical sector, Budget turned non event.
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