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Old 06-06-2006, 08:26 PM   #14 (permalink)
selva1966
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Default Re: No more tax rebate on LIC premium!

Quote:
Originally Posted by freshseasons
" Samsung has already on the birk of taking it television factory out of india due to heavy excises.
MNCs do not decide investment on excise alone. Demand for goods, cost of labour, quality of workforce and so many other factors are taken into account. Moreover all the excise collected by the Governement are not gifted to Taiwan.

It is used for investment, development, defence and other expenditures. Further nearly 45% of excise collected is returned to the state goverment.

Quote:
Originally Posted by freshseasons
"
Hell Television imported from Taiwan are going to be cheap than the locally made due to excise duties.
Anti dumbing duty will take care of that.
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