ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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IN THE CAPITAL MARKET

was only Rs 60 lakh as against Rs 599 lakh after the public issue. Moulded luggage, which was exempt from excise duty till March 1985, is now subject to 25 per cent excise duty. The company has absorbed half of the burden of excise duty and the other half by dealers. The consumer has been assured luggage at almost the same price as ruling a year ago. With a view to widening consumer base, the company has now also started producing relatively low-priced luggage.

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