Export sops on cement withdrawn
India withdrew a tax benefit on the export of cement, a day after the government said producers of the building material are entitled to the incentive. The tax break allows duty-free imports of raw materials equivalent to the value of exports, under a system called the duty entitlement pass book program, or DEPB. The incentive was earlier scrapped in April to boost cement supplies and tame inflation. Tuesday's statement came from commerce ministry in New Delhi. BLOOMBERG