Moneycontrol > News > Business

Feb 27, 2012, 11.57 AM IST

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.

India Business Hour at 09:00 pm
Share Share on Tumblr
Share  .  Email  .  Print  .  A+
India Business Hour

Excerpts from India Business Hour on CNBC-TV18 Watch the full show »
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


Tags: Finance Ministry, Budget, excise duty
RBI to take note of falling inflation in next policy review
HTC One production capacity improving, confirms executive
Advani, Swaraj can't wash their hands of BJP's Karnataka defeat "Advani, Swaraj can't wash their hands of BJP's Karnataka defeat"
Chinese firm ZTE to enter Indian smartphone market with 5 new models
'Ishkq In Paris' has certain scenes from my life: Preity Zinta

From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'

The latest earning numbers FIRST on CNBC-TV18
News Videos

May 18 2013, 17:26

No asset class is risk-free: Axis Cap`s Nandan Chakraborty

- in MARKET OUTLOOK

May 17 2013, 12:39

F&O cues: Nifty to hover in 5800-6200, says Amit Trivedi

- in MARKET OUTLOOK

Follow moneycontrol.com

Facebook Twitter Google Plus RSS Wap SMS SMS Alert iPad iPhone Blackberry OVI Android Window