tractor industry

Official laments stuck tax refunds have caused liquidity crisis for parts makers

Sales fall 40% to around 15,200 units in first half

Official says tax refunds are not being released timely

Tractor assembler says import will cause heavy unemployment

He said tractor manufacturers were charging a reduced 5% sales tax on the sale of tractors

Believes sales tax reduction will revive the industry

Low income of farmers, absence of subsidy hurt tractor sales.

Reasons for contracting sales include falling prices of agricultural products