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.
Re: Custom Duty
by AT Ramaanuj on Feb 20, 2010 03:24 PM Permalink
China is in all sectors competing with India. Their only intellectual enemy is India. Therefore they are taking up all jobs Like Machinery manufacture which was earlier dominated by the Western countries. Now all chinese goods are coming to India. Indian Govt by Indian People who wants more quick money i.e., Corruption will definitely ruin India. Unless we have some sense and stop buying chinese goods we will be digging our own grave. We should also appreciate their efforts to developing their country and we should apply precaution. Once again our Corruption will sell us away and all of India will be astray.
