CBEC, FTAPCCI clears industry concerns on GST Law
The Dollar Business Bureau Central Board of Excise and Customs (CBEC) in association with Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) organised an awareness programme on proposed Goods and Services Tax (GST) Law in Hyderabad on Monday. CBEC Special Secretary and Member Ram Tirath, senior officers of CBEC, Commercial Tax Department, and FTAPCCI members have shared their knowledge and clarified certain apprehensions of the trade and industry stake holders about the upcoming GST Law through this programme. Trading community in agri crops and commodities in Telangana and Andhra Pradesh operate through the system of commission agency. The agri commodities are currently taxed under the VAT law only upon sale. But, under Sec 3(2A) of the Model GST Law the transaction ...
Govt mulls policy to encourage manufacturing in bulk drugs sector
The Dollar Business Bureau In a move to reduce India’s dependence on imports for bulk drugs and Active Pharmaceutical Ingredient (APIs), the government is making all out efforts to boost the manufacturing in the bulk drugs sector. The government is likely to consider the recommendations made by a high-level committee known as the Katoch Committee. The recommendations by the committee are being examined for formulation of a ‘Policy for Promotion of Manufacturing of Bulk Drugs’, said Hansraj Gangaram Ahir, Minister of State, Ministry of Chemicals and Fertilizers. The Committee, in its suggestions to the Ministry of Chemicals and Fertilizers, has recommended the establishment of the Mega Parks for APIs. For a proper infrastructure, the Committee recommended common facilities such ...
