Removal of Budget Day restrictions for Budget 2003-04

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Full Text of the Document

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....ating to restrictions on removal of goods between the time appointed for the presentation of the Annual Budget (or any Supplementary Budget) and 12 midnight on the same day. Thus, there is now no provision to impose Budget restrictions. 2. Historically, Budget Day restrictions were aimed at preventing duty evasion as the duty was required to be paid before the removal of the excisable goods and....