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Increase import duty on tyres to 20%

During 2013-14, tyre demand is estimated to have grown by a muted 1%, largely aided by two-wheelers and tractors, even as demand from LCV and PV segments fell. This follows a 2% de-growth witnessed......

Indian Chamber of Commerce seeks lowering corporate tax to 25%

Indian Chamber of Commerce, in its pre-budget memorandum, has asked for corporate tax rate in India to be brought down to the global average of 25 per cent to regain the growth momentum. The......

Tyres: Correct the anomaly on customs duty

Tyre industry in India, stands at around Rs 25000 crore in FY 10, and is one among the few countries which produces - tyres nearly satisfying its domestic demand. The Indian tyre industry is net......

Tyres: Cut Customs duty on raw materials

Remove anomaly of higher customs duty on inputs by cutting the customs duty on natural rubber, other inputs and on tyre manufacturing machinery and / or hike in customs duty on tyres. The tyre......

Tyre producers seek cut in customs duty on inputs

Indian tyre sector is witnessing healthy growth in revenues and profits. Meanwhile, there is surge in prices of many inputs, including natural rubber.Tyre grade RSS 4 rubber prices have surged from......
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