Yassir A. Pitalwalla (Financial Chronicle)

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India Inc. likely to pass on the pain

It’s a mixed bag of goodies for major corporate houses. While taxation departments and finance chiefs at big business houses were assessing the impact on their group finances, one thing became certain: corporate India was unwilling to absorb the hike in excise duties or the increased coverage and intensity of service tax and would look to pass these on to consumers.

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