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Can we expect a reversal of the increase in excise duty on autos in coming months?
- Sumit Singhania
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Abdul Majeed, Partner, Price Waterhouse: In my personal opinion, the government may not announce any new concessions in excise duty. It can maintain the status quo. The government will rather work on the other key agenda such as developing infrastructure both hard as well soft, simplify direct and indirect taxes laws, and other laws including labour which will help in laying down a strong foundation for long term growth. In addition the government will also have to maintain the fiscal discipline while addressing the growth agenda.