Pharmexcil urges PM to extend sunset clause till March 2015 for pharma SEZs

The Pharmaceutical Exports Promotion Council (Pharmexcil) has urged prime minister Dr Manmohan Singh to extend the income tax benefits offered for the pharma Special Economic Zones (SEZs) under section 10 B, the sunset clause, under the Income Tax Act to four more years till the year 2015 for the existing units, in an effort to support the pharmaceutical exporters in the country.