The Rs 16,000-crore dyestuff (colorant) industry has asked for a cut in excise duty to 8 per cent from 14 per cent to keep the industry alive.
"India is currently facing a huge raw material shortage for dyestuff manufacturing. The anti-dumping duty should be abolished," said Janak Mehta, president of the the Dyestuff Manufacturers' Association of India (DMAI)at its 58th annual general meeting in Mumbai on Friday.
The government has already offered some incentives by reducing