Budget Impact on Paper Sector        (updated - 07 July 2009)
The paper sector didn't receive any much attention from the finance minster in the budget. However, the paper industry is thankful to the finance minister for not increasing the excise duty, which was cut by 600 basis points in the first two-stimulus packages to the current level of 4%.

Budget Impact on Paper Sector               

The paper industry, which is suffering from low cost export, was expecting a rise in basic custom duty (BCD) from 10% to 15% on paper/paperboards along with re-introduce component of special additional duty to save the domestic manufacturer.

The finance minister has not heard their request. The scrips to be watch will be Ballarpur Industries (BILT), JK Paper, Tamil Nadu Newsprint & Papers (TNPL).

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