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Budget Flashes

Interpretations

Sector Impact

Budget Flashes
 12:49  : Raise customs duty on some vehicle imports to 75% from 50%
 12:48  : Branded silver jewellery exempt from excise duty
 12:48  : 10% advalorem duty on cigarettes
 12:47  : Advolarom duty on some cigarettes
 12:46  : Doubled custom duty on refined gold
 12:46  : Excise duty on cigarettes raised
 12:45  : Customs duty on non std gold raised to 10% from 5%
 12:45  : Customs duty on std gold raised from 2% to 4%
 12:43  : Duty reduced on energy saving lamps
 12:41  : Duty on bicycles and bicycle parts reduced
 12:39  : Titanium dioxide customs duty cut to 7.5% from 10%
 12:39  : Automated shuttle looms exempted from customs duty
 12:38  : Full exemption on imported equipments for road construction projs
 12:37  : Thermal power co exempted from customs duty for 2 yrs
 12:37  : Import of aircraft parts exempt from basic customs duty
 12:35  : Exemption of customs duty of 5% on equipment for fert plants
 12:33  : No change in peak rate of customs duty of 10% on non-agri goods, except few exceptions
 12:33  : No change in peak customs rate of 10%
 12:32  : Large cars duty raised from 22% to 27%
 12:32  : Excise duty raised to 12% from 10%
 12:32  : Rs 18,660 cr addl revenues expected from svc tax hike
 12:31  : Propose to hike service tax rate from 10% to 12%
 12:30  : Propose to set up a common tax code for service tax & excise
 12:29  : Common 1 page return for excise and service tax
 12:28  : Propose to exempt service tax on copyright on cinematographic films
 12:27  : Govt services, education, entertainment, public transport exempted from service tax
 12:26  : Negative list to include pre school and high school education, entertainment services
 12:26  : All services to be taxed except those in negative list
 12:25  : Direct tax proposals to cause net revenue loss of Rs 4,500 cr
 12:23  : STT cut from 0.125% to 0.1%
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