RPT-UPDATE 2-End to India export tax break draws anger

Newswire

(Repeats story issued late on Wednesday) * Govt to phase out scheme June 30 * Says incentives cost $1.8 billion per yr, no longer needed * Exporters condemn move * Auto makers seen among worst hit (Recasts lead, adds industry comments) By Manoj Kumar NEW DELHI, May 18 (Reuters) - The government said it will end a tax break for Indian exporters because the $250 billion sector no longer needs it, drawing stinging criticism from manufacturers. The government of Asia's ...

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