The Indian IT industry is attractive content with finance minister Arun Jaitley’s Budget presentation as he announced removal of Special Additional Duty on IT products. It has been a giant relief to home manufacturers of personal computers and tablets as the issue of inverted duty structure has been addressed.
Greyhound Research chief analyst and CEO Sanchit Vir Gogia posted via his Twitter handle, “Great move on reduction of Special Additional Duty Taxes – solid move to help increase domestic Manufacturing.”
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