Excise duty

The proposed introduction of investment allowance @ 15% to a manufacturing company investing more than Rs.100 crore in plant and machinery during the period 1.4.2013 to 31.3.2015, exemption of Investor Protection Fund (set-up by a depository for the protection of interest of beneficial owners) from income-tax, extension of “eligible date” for projects in power sector for availing benefit under section 80-IA would certainly go a long way in giving a boost to economy by attracting more investments. Also, considering the low phase of readymade garment industry, the restoration of “zero-excise duty route” for cotton and man-made sector at the yarn, fabric and garment stages would provide the much needed relief.