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 Vir Gogia, Chief Analyst and CEO, 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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