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Diary makers seek relief from excise duty

Staff Reporter

It would have a crippling affect on the industry, claim manufacturers

NEW DELHI: The Diaries Manufacturers' Association has urged Union Finance Minister P. Chidambaram to re-consider the imposition of eight per cent excise duty on diaries and similar articles, as this would have a crippling affect on the industry that is already reeling under the impact of the latest technology -- electronic diaries, laptops and other related data storing facilities.

In a statement here on Saturday, Association president Balwant Chhabra said manufacturers of these articles were small unit holders who provided employment to unskilled and semi-skilled workers. Any further burden of taxes would lead to large scale unemployment as the manufacturers would be forced to cut down on workforce and curtail the size of manufacturing to meet the rising input cost.

Mr. Chhabra said the diary industry was facing tough competition from electronic gadgets.

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