CENTRE RESCINDS 40% TAX ON SOFT DRINK MACHINES

Article Abstract:

The Government of India has scrapped the 40 percent excise duty chargeable on softdrink vending machines. The duty is however chargeable on bottled software drinks. The Government's move follows the difficulties faced in the collection of duty as the volumes involved are low. The exemption has been given because vending machine operators fall under the small scale sector. The revenue loss to the government is likely to be low as the sales volume from each unit is low. (ag)

Vending Machines, Automatic Vending Machine Manufacturing, Taxes

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BRAND LAUNCHES: AROUND THE GLOBE

Article Abstract:

The VIP Equator range of bags have a large frame and use strong imported fabric for the cover. The range has been launched in four sizes and three colour combinations. The larger sizes are equipped with a six-wheel drive. The range is priced between Rs1500 and Rs2700. (khr)

Product introduction, Misc. Converted Paper Products, All Other Converted Paper Product Manufacturing, Bags NEC, Bags

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