Industry protests against sharp increases in paper prices

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On August 1, 2008 in Delhi, the newly formed Indian Carton Manufacturers Association (ICMA) together with the All India Federation of Master Printers made a strong appeal to the Ministry of Commerce for rationalization of the import and excise duties payable on import of raw materials such as paper and paperboard. At a jointly organized press conference the two associations asserted that domestic board and paper mills have periodically increased their prices and have not passed on any of the 4 per cent excise reduction on printing and writing papers announced in the last union budget. The import duty on paper and board in spite of a slight reduction is still at a very high rate of 28.64 per cent. ...cont´d

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