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Govt’s decision to impose entry tax on yarn puts industry in a dire straits

Related Keywords: entry tax, Ludhiana, Punjab Government, textile and hosiery industry, Value Added Tax

The Punjab government has apparently decided to impose Non-Vatable Entry Tax on yarn being brought in from other states, including Uttar Pradesh, Himachal Pradesh and New Delhi. As there were repeated requests and memorandum coming from spinners in the state asking to either reduce VAT on yarn manufactured in the state or impose restrictions on import of yarn from other states.

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