CENVAT

IIPM-PRESS CENTRE ARTICLE

On an optimistic note, to take reforms forward, the Finance Minister should end the unwarranted support to SSI sector. The increasing support has only led to tax evasion and revenue loss to the tune of 10% (Rs.20bn) of revenue, owing to mishandling of CENVAT procedures and faulty records.

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Source:IIPM-Editorial,2006