Financial Daily from THE HINDU group of publications
Tuesday, Mar 07, 2006


Group Sites

Industry & Economy - Metals
States - Maharashtra

Metal trade call for bandh on March 20

Our Bureau

Mumbai , March 6

The Bombay Metal Exchange Ltd along with all other allied non-ferrous metals, stainless steel associations has decided to observe one-day token Bandh on March 20 to strongly register their protest against Octroi and demand total abolition of Octroi.

All the associations of Maharashtra are heading for a mass agitation for the total abolition of Octroi under the banner of `Maharashtra Rajya Jakat Nirmilan Samiti'.

"Peaceful morchas headed by various associations will march towards Azad Maidan. There will be mammoth gathering of all the trade, showing their unity and solidarity, to strongly register their protest against Octroi and demand total abolition of Octroi," Mr Rohit Shah, President, Bombay Metal Exchange (BME), said in a release.

Meanwhile, additional 4 per cent CVD has been levied in the recent Union Budget 2006-07.

"We understand that this 4 per cent additional duty is modvatable to the manufacturers, but what about the registered dealers? There has been no mention about registered dealers. Hence, the exchange strongly demands benefit of passing 4 per cent additional duty like manufacturers also to be extended to the registered dealers," he said.

More Stories on : Metals | Taxation | Maharashtra

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
`Central excise duty will hurt soap SSIs'

Nayudamma award for Pitroda
SIMA-CDRA advisor honoured
Solar Explosives to go public
Implications of capital gains giveaway
Barclays predicts strong growth for wealth market — Indian market to grow 15 pc per year
`A holistic view necessary to take the economy forward'
Chidamabram banking on advance tax for revised estimates
Borewell cos eyeing Africa, Gulf markets
Joint study on N-deal with US
`Railway links key to trade with Bhutan'
Starwood Hotels to enter India
Mitsui keen on expanding presence in India
Oil bonds issue to be completed by March 15
`Expert advice must for oil & gas issues'
Scheme for sugar mills to set up power units
Power Lenders Club finalises norms for funding projects
ICSI up in arms against move to tax services
Foreign airlines to meet in Mumbai
Textile industry hopes high in post-quota regime
SSIs invited to Hanover
Speedy clearance of Coalmines Act
SaharaOne bid to promote primetime shows
Oakridge diploma programme
Bharat Hotel may float real estate co
`Step up training programme'
Metal trade call for bandh on March 20
New CII (South) office-bearers
Chinese rapier looms attract small weavers at textile fair
Textile machinery expo concludes
AP bid to attract FDI bears fruit
USTDA meet to focus on transportation solutions
In Visakhapatnam today
Hegde Institute Budget discussion
PAN compulsory for demat accounts
Official calls for voluntary tax compliance
Co-op banks want tax-exempt status to continue
Oilmeal exports reach new high
Private insurers cut 2-wheeler exposure
CII initiative to promote health tourism in Kerala
Riding the crest

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line