Cir(125)/2023                                                              October 26, 2023

Committee:  

   

Dear Sirs/Madam,  

Every year Ministry of Finance holds stakeholder discussions with the industry to get their feedback/suggestions for the Union Budget. CITI actively participates in the pre-budget consultation every year and represent the industry issues to the Government for their resolution.

CITI is in the process of compiling all such suggestions of the industry and in this regard requests for your inputs for the same.  The suggestions may include changes in relation to duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for the same.

The suggestions need to be put into two separate categories:

• Indirect Taxes [Customs & Central Excise for commodities outside GST)]
• Direct Taxes

Suggestions should be supplemented and justified by relevant statistical information about production, prices, revenue implication of the changes suggested and any other information to support your proposal. It may be noted that GST related requests are not examined as part of Annual Budget.

You are kindly requested to share your suggestions in the attached format latest by 3^rd November 2023 to enable CITI to collate and submit the budget proposal in time to the Union Government for their favourable consideration.

Thanking you,

Yours faithfully,

(Chandrima Chatterjee)

Secretary General