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INDIAN UNION BUDGET FOR 2011-12 WAS PRESENTED YESTERDAY. IT DID NOT HAVE ANY SIGNIFICANT RELIEF FOR TEXTILES EXCEPT EXCISE DUTY ON YARN IS REDUCED. “SEZ” TEXTILE PARKS WERE SUBJECTED TO CORPORATE TAX WITHDRAWING ALL CONCESSIONS ONCE DECLARED ! GUJARAT WAS MORE AFFECTED AS 33% OF SEZ ARE IN GUJARAT.
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