Seafood sector asks Centre to drop 8% excise

  • 12/06/1998

The seafood industry has asked the Centre to withdraw the recently introduced 8 per cent excise duty on branded fish and fishery products sold in the domestic markets since the major chunk of production is meant for exports. The Seafood Exporter's Association President, Mr A J Tharakan, said that all seafood companies in India were deemed export oriented units (EOU) amd 95 per cent of the seafood units were in the small-scale sector.