TIOL-DDT 590 · Wednesday, 11 April 2007 · story 6 of 7

No excise duty in North East - DONER Minister, but where is the Notification?

DONER stands for Development Of North Eastern Region and there is a minister for that, Mr. Mani ShankerAiyer. The illustrious minister announced yesterday that there would be no income tax for 10 years and no Excise Duty except on some health harming substances like tobacco, gutka etc. But he is perhaps not aware that his more illustrious Finance Minister is yet to notify the excise exemption. The DONER minister wants to attract investors to the North East, but will somebody clarify as to why the CBEC is yet to notify the concessions?