Mr P. Chidambaram, Indian Minister of Finance, has proposed lowering the percentage of excise duty on leather. Speaking at the presentation of the Union Budget 2006-2007 at the end of February he said, "Since leather and footwear are thrust sectors, I propose reducing excise duty on footwear with a retail sale price between Rs250 ($5.64) and Rs750 ($16.96) from 16% to 8%."

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