<h1>Finance Minister Cuts Duties to Boost Manufacturing & Jobs; Increases on Coke, Steel, Vehicles in 2015-16 Budget.</h1> The Union Finance Minister announced reductions in Customs and Excise duties in the Union Budget 2015-16 to boost domestic manufacturing and job creation under the Make in India initiative. Customs duties were lowered on inputs like metal parts, insulated wires, and video camera compounds. Basic Customs Duty was reduced on raw materials for lathe machines, medical video endoscopes, and optical fiber cables. Special Additional Duty (SAD) was reduced or exempted on materials for pacemakers and LED products. Conversely, duties were increased on metallurgical coke, iron, steel, and commercial vehicles. Excise duties were also restructured on various goods, including LED lamps and solar water heaters.