https://www.taxtmi.com/news?id=759 The interim budget implements fiscal stimulus by reducing central excise rates (general reduction of four percentage points and a cut from ten to eight percent), lowering service tax from twelve to ten percent, and extending the basic customs duty exemption on imported naphtha for power generation. It announces credit and refinance facilities for housing, MSME and export sectors, enhancement of credit guarantee cover, and operational measures to speed MSME lending. It also provides that SEZ export profit computation will be amended to remove discrimination against mixed-location assessees and extends the states' fiscal deficit accommodation to promote infrastructure and employment. en-us Tue, 24 Feb 2009 17:17:53 +0530 Tue, 24 Feb 2009 17:17:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=759 The interim budget implements fiscal stimulus by reducing central excise rates (general reduction of four percentage points and a cut from ten to eight percent), lowering service tax from twelve to ten percent, and extending the basic customs duty exemption on imported naphtha for power generation. It announces credit and refinance facilities for housing, MSME and export sectors, enhancement of credit guarantee cover, and operational measures to speed MSME lending. It also provides that SEZ export profit computation will be amended to remove discrimination against mixed-location assessees and extends the states' fiscal deficit accommodation to promote infrastructure and employment. News - Tue, 24 Feb 2009 17:17:53 +0530 https://www.taxtmi.com/news?id=759