At the time of the budget, all industries look forward to see what is in store for them as that gives direction to their future plans. The proposal for the food sector that has been made by the Finance Minister in the Union Budget 16 -17 is that hundred percent FDI be allowed in the […]
Union Budget 2015-16 & The Food Industry
Budget time is the time when the common man awaits for tax reduction and the corporate world awaits to see in which direction they will direct their industry. The expectations of the food industry were to a large extent fulfilled as they have got relief on corporate tax. The food manufacturing and processing sector will […]
Mr. Arun Jaitley Announces Reduction in Excise Duty for Food Processing & Packaging Industry
The Finance Minister Mr. Arun Jaitley, with a view to provide incentive to the food processing industry has announced, in the Budget 2014 – 15, a reduction from 10% to 6% in excise duty on specified food processing and packaging machinery. The food sector has shown a mixed reaction to this announcement. Chairman of the […]