Moneycontrol
Feb 27, 2012 11:57 AM IST | Source: CNBC-TV18

Union Budget 2012: Finmin may levy excise on exempt items

After levying 1% excise duty on the 130 exempt items in the Budget last year, the Finance Ministry is considering extending this to the remaining 240 items.


After levying 1% excise duty on the 130 exempt items in the Budget last year, the Finance Ministry is considering extending this to the remaining 240 items.


CNBC-TV18 learns from sources that the Finance Ministry is also considering hiking the levy to 2% for the 130 items that were brought in the tax net last year.


Also Read


Budget 2012 for NRI: What to expect from FM


Will the FM deliver a positive surprise

Fiscal consolidation to be main Budget plank this yr

Sections
Follow us on
Available On