Industry Cars Positive impact, due to reduction in excise duties on cars and high customs duty on 2nd hand car imports. Cement Positive impact, due to increase in plan allocation to National Highway Development Project for construction of highways, and due to tax exemption on interest for housing loan from Rs 1,00,000 to Rs 1,50,000. Hotels Negative impact, as food and beverage costs are expected to increase due to the imposition of CVD on imported liquor. Information Technology Positive impact, due to expected increase in computerisation of govt.
Onsite services are also eligible for tax exemption.
Organised garment producers Negative impact due to imposition of excise duty of 16 per cent on branded garments. Telecom services Positive impact due to reduction in customs duty on equipment. Positive impact on new broadband, internet, and basic and cellular projects starting after April 2000 due to tax holiday. Textiles Cotton yarn Positive impact due to withdrawal of concession on excise duty to SSIs. Composite mills Positive impact due to imposition of ad valorem duties on independent textile processors.