Big brands like Pantaloons, Shoppers
Stop, Westside, Lifestyle, Madura Garments and Arvind Brands,
will remain close on Monday in protest against the imposition
of 10 percent excise duty on branded apparels.
In a relief for footwear major
Bata, the Supreme Court has set aside a duty demand by the
government over manufacturing of a `rubberized cotton
fabrics` solely used by the company while making canvas shoes.
Major auto makers in the country on Friday reacted to the government`s decision to increase the central excise duty to 10 percent by saying they will increase car prices -- possibly by up to Rs 25,000.