Budget 2015: IT Industry Gives Thumbs Up

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The Indian IT industry is welcoming FM Arun Jaitley’s announcement on removal of Special Additional Duty on IT products in his Budget 2015 speech. Union Budget 2014-15 provided the much needed relief to domestic manufacturers of personal computers and tablets by addressing the issue of inverted duty structure suffered by the industry.

Sanchit Gogia, Chief Analyst & CEO at Greyhound Research wrote on Twitter, “Great move on reduction of Special Additional Duty Taxes – solid move to help increase domestic Manufacturing.”

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