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Custom Duty
by Manish Balsara on Feb 20, 2010 12:19 PM

Chinese Imports are playing havoc with Indian manufacturer. Indian Traders are adding to this woes by underinvoicing them. We are loosing on 2 fronts - Government not being able to collect right custom duties on products imported second manufacturer are slipping into red thereby Indian government losing on revenues.

Either Floor prices for all products should be defined in along with declartion of quantity type i.e kgs, nos, etc.

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