Page 31 - Plastics News February 2021
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FeAtures
overall growth the plastics industry was of the opinion that production of plastic raw materials. Finished goods of
lowering the custom duty on Naphtha would have helped plastics should have attracted higher duties. We welcome
the production of plastic raw materials. the announcement to review invertecross-subsidyure
under GST.
Government has to encourage plastics’ manufacturing
companies to become an integral part of global supply But there is no allocation for MEIS shipments made for
chains, possess core competence and cutting-edge 2019-20 and 2020-21 – we seek clarity on the same .The
technology. increased focus on providing alternative discoms and
reduction in cross subsidy shall help industrial consumers.
PLEXCONCIL has been seeking the inclusion of plastics
under the PLI Scheme. We welcome the review of 400 MSMEs in the plastics industry will benefit from Collateral
existing custom exemptions this year. PLEXCONCIL free loans for businesses. Increased outlay for road and
requests for reduction in customs duty on Plastic raw rail infrastructure shall help logistics movement within
materials. Naphtha custom duty lowered will help the country/ICD.”
31 Februar y 2021 Plastics News