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)
Read More: UNDP- UN Development Programme | New Delhi | Delhi Daredevils | Delhi | South Delhi | North Delhi | South West Delhi | East Delhi | North West Delhi | New Delhi Gpo | New Delhi Ho | Parliament House | Union Public Service Commissio | Auto Industries | G.g Industries | Chemical Industries | Peenya Small Industries So | Union Christian College | Kalamassery Development Plot | R.n. Mukherjee Road