New National Capital Goods Policy by March - Feedback

In order to ensure hassle-free growth for the heavy industry, the Central government is set to bring in new national capital goods policy by the end of March 2016.

The new policy will envisage provisions such as uniform Goods and Services Tax (GST), up to 50 per cent Cenvat credit facility to manufacturers with a view to ensure level-playing field. There will also be provisions for reviving growth in beleaguered industries such as textile, mining and power equipment. The final draft has been prepared and submitted for the Union Cabinet approval.

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