Ficci seeks ‘declared goods’ status for gas

Ficci seeks ‘declared goods’ status for gas
PTI
Comment E-mail Print Share
First Published: Fri, Jun 15 2007. 02 29 AM IST
Updated: Fri, Jun 15 2007. 02 29 AM IST
New Delhi: The Federation of Indian Chambers of Commerce and Industry (Ficci) has sought ‘declared goods’ status for natural gas, saying the high and multi-point sales tax on it was grievously hurting user industries, particularly the fertilizer and power sectors. “Natural gas and regassified liquefied natural gas continue to be subjected to varying rates of sales tax in different states, which is as high as 20% and it affects core sectors like fertilizer and power. So, it should be brought under the declared goods status,” a chamber statement said. PTI
Comment E-mail Print Share
First Published: Fri, Jun 15 2007. 02 29 AM IST