VAT revisions broaden the taxable base and raise rates, generating revenue while exempting essential staples and targeted concessions.
Budget for 2010-11 sets fiscal targets and increased plan outlay, commits specified devolutions to Local Bodies based on the Delhi Finance Commission, and funds major infrastructure and social sector projects. It proposes broad VAT revisions to remove deviations and raise rates on selected items while protecting essential concessions, withdraws an LPG subsidy, raises registration fees, and introduces administrative reforms including a mediation mechanism for VAT disputes via amendment to the DVAT Act, 2004.

Tariff values for specified edible oils, brass scrap and poppy seeds notified, impacting import valuation and customs clearance.
Notification No.20/2010-Customs (N.T.) dated March 15, 2010 publishes US dollar per metric tonne tariff values for listed commodities: crude palm oil, RBD palm oil, other palm oils, crude palmolein, RBD palmolein, other palmoleins, crude soybean oil, brass scrap (all grades) and poppy seeds; several edible oil entries are recorded as unchanged, and these published figures serve as valuation benchmarks for customs import clearance.

Agricultural investment boosts production, storage, credit flow and food processing reforms under targeted budget measures and subsidy transition support.
The budget reallocates increased Central Plan funds to agriculture and allied departments to implement a four pronged strategy: raising agricultural production by extending green revolution measures and targeted pulses and oilseeds village interventions; reducing wastage through expanded warehousing, market reforms and fiscal concessions for cold chain and handling infrastructure; expanding institutional credit and timely repayment subvention to lower effective interest rates; and promoting food processing alongside transition to a nutrient based fertiliser subsidy and a women farmers empowerment sub programme.

Export incentive scheme expansion extends duty credit scrip benefits to new products and markets, including Japan and China.
The Government amended the Foreign Trade Policy 2009-14 effective 1 January 2010 to add products and markets to three schemes: under the Focus Product Scheme 112 products receive Duty Credit Scrip at 2% of FOB and 113 Special Focus Products at 5% of FOB to all markets; under the Market Linked Focus Product Scheme 1,837 products receive 2% of FOB to specified markets with Japan and China newly included and chemicals eligible for a six month period; under VKGUY sesame seeds and minor coconut products receive 5% of FOB to all markets.