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.”
To read the Full Article, click here: Nagpur Today