The government’s proposal to exempt excise duty on spare parts used for repairing of ship vessels is not expected to benefit domestic ship repair units in a big way amid drying top-lines.
‘Ship repair units need steps that can boost revenues. This exemption will benefit in the long-term once trade picks up. Currently, the recession is too strong,’ said Nasir S, technical officier at Lilly Maritime Ship Repair.
Ship repair units see limited benefit
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