GST hits excise-free zones; pharma, FMCG companies worried

A new GST reimbursement scheme has left Dabur, Godrej and many other FMCG and pharmaceutical companies worried about their manufacturing operations in Himachal Pradesh, Uttarakhand and some northeastern states where they used to enjoy excise duty exemptions. Apprehension has set in after the department of industrial policy and promotion (DIPP) last week unveiled guidelines of a scheme that replace…