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Business News/ Politics / News/  Ficci seeks ‘declared goods’ status for gas
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Ficci seeks ‘declared goods’ status for gas

Ficci seeks 'declared goods' status for gas

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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

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Published: 15 Jun 2007, 02:29 AM IST
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