Financial Daily from THE HINDU group of publications
Thursday, Jun 12, 2003
Financial Daily from THE HINDU group of publications Thursday, Jun 12, 2003 |
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Corporate
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Taxation Tax sops for Mangalam Cement Rajasthan unit Our Bureau
MUMBAI, June 11 MANGALAM Cements has been granted certain tax exemptions for its second unit Neer Shree Cement by the Government of Rajasthan, the company said in its notice to the stock exchanges today. The exemption is limited to 75 per cent of the tax liability in respect of goods manufactured by the above-mentioned unit in Rajasthan and sold within that State or in the course of inter-State trade and commerce, said the notice. The earlier exemption was to the extent of 25 per cent of the tax liability in respect of goods manufactured and sold in Rajasthan and 75 per cent of the tax liability for the goods sold in the course of inter-State sales.
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