India amends 1947 rubber act

ERJ staff report (RD)

New Delhi, India – India’s Cabinet has approved amendments to the Rubber Act, 1947 with the Rubber (Amendment) Bill, 2009 to be introduced in the next session of Parliament, the Indian Government announced 5 Feb.

The amendments will empower the Central Government to grant exemption or reduction of any cess (tax) on rubber produced in India and exported if it is considered necessary in public interest, the government statement said. The amendment will also enable the Central Government to “specify…

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