India: Sports goods industry seeks withdrawal of excise duty
28/03/2013
The majority of these businesses are small to medium-sized enterprises, which are requesting the same deal as the ready-made garments industry, exempted from the duty in India’s recent budget announcement.
Pran Chadha, managing director of Jalandhar-based Universal Sports Industries, told Indian publication the Business Standard: "Our sales in the domestic market have been flat over the last two years, due to the imposition of excise duty in the 2011-12 Budget. In order to give the industry a boost, the government must exempt it from the ambit of excise duty."
Prior to 2011 there had been no excise duty on sports goods but it had been levied at 2% in the 2012 Budget.
The companies affected supply to brands such as Reebok, Puma and Slazenger.
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