Punjab, Similar States See Benefits From India Tax Cut
This article was originally published in PharmAsia News
Executive Summary
The Indian state of Punjab is expected to be one of the beneficiaries of the federal government's decision to reduce by half the excise duty on drugs. Currently, other states have tax-exempt status, and the planned excise-tax reduction is expected by Punjab and similar states to give them more equality and make them more attractive to drug manufacturers. Some states expect a relocation of some company drug units into non-exempt states. (Click here for more