Search: Look for:   Last 1 Month   Last 6 Months   All time

Excise duty on 'demerit' goods hiked as a measure for additional resource mobilization

New Delhi, Fri, 16 Mar 2012 ANI

New Delhi, Mar 16 (ANI): The Union Budget 2012-13 proposes to increase excise duty on 'demerit' goods such as certain cigarettes, hand rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda scented tobacco.


While presenting the Budget in Parliament today, Finance Minister Mukherjee proposed to enhance cess on crude petroleum oil produced in India to Rs. 4500/- per metric tonne from Rs. 2500/- per metric tonne under the COIL Industries Development Act.


In order to further garner additional resources, Mukherjee has proposed to enhance basic customs duties on completely built units of large cars or multi-utility vehicles or sports utility vehicles having engine capacity above prescribed threshold from 60 percent to 75 per cent ad valorem. (ANI)


Manohar Lal being presented with a memento
Manoj Tiwari BJP Relief meets the family members of late Ankit Sharma
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image




Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.