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BUDGET 2005: IMPACT ANALYSIS-AUTOMOTIVE (will have neutral impact on the automotive sector).

Asia Africa Intelligence Wire

| March 04, 2005 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From India Business Insight)

The budget of the Government of India for 2005-2006 will have neutral impact on the automotive sector. Cut in peak rate of customs duty to 15 percent from 20 percent is positive for the companies having high …

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