indian incense industry
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- 1. INDIAN INCENSE INDUSTRY
Group 7B - 2. AGARBATTI AS A PRODUCT
75 % - cheap quality
Religious and social functions
Significant foreign exchange earner
Unskilled women and children - 3. 1800 crore
THE MARKET
2009
1994
Unorganised sector and highly fragmented - 4. Rs 7.1 billion
35%
17%
30%
18 %
Export Values - 5. TAX STRUCTURE
- 25% to 80% raw material and 8 to 10% finished goods
- 6. Tax at different level for different states
- 7. De licensing SMEs
- 8. Agarbatti being declared as a Handicraft product which provides incentive as per the duty draw back rates