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Coir Board for withdrawal of excise duty

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BS Reporter Chennai/ Kochi

The Coir Board has urged the Union finance ministry to withdraw the recently-imposed excise duty of 10 to 16 per cent on coir and coir products.

In a memorandum submitted to the ministry, Board chairman V S Vijayaraghavan explained that the new excise duty would be detrimental to the interests of coir sector at a time when it was struggling to compete with synthetic and other fibre-based products, locally and globally.

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First Published: Jun 21 2010 | 12:55 AM IST

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