Date:21/07/2006 URL: http://www.thehindubusinessline.com/2006/07/21/stories/2006072103720800.htm

Back Duty cut on textile intermediates

Our Bureau

New Delhi, July 20

The Government on Thursday announced reduction in central excise duty on specified textile intermediates. Subsequently the rates on paraxylene, dimethyl terephthalate, pure terephthalic acid, polyester chips, mono ethylene glycol and acrylonitrile have been revised from 16 per cent at present to eight per cent. The duty rate on mono ethylene glycol has come down from 16 per cent to 12 per cent.