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Dehra Dun : The Uttarakhand government on May 9 sought extension of the total Central Industrial Package (CIP) stating that exemptions in excise duty are the most important part of the package.
Amid confusions that exemptions to industries in Himachal Pradesh have been extended for three years, Chairman of State Media Advisory Committee Devendra Bhasin said the state government demanded the extension of total industrial package including the exemption in excise duty.
"This (exemption in excise duty) is the most important part of the package that attracts industries to set up their units," Bhasin said in a statement here.
In this regard, he said although income tax holiday and capital subsidy have not been ended, the industries would not find any attraction in setting up their units as exemptions in excise duty is the major part of the package. CIP expired in March 2010.
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