10% Excise Duty Concession to Vehicles Based on Fuel Cell Technology Basic Customs Duty on Solar Lantern Reduced to 5%

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....0% Excise Duty Concession to Vehicles Based on Fuel Cell Technology Basic Customs Duty on Solar Lantern Reduced to 5% <br>News and Press Release<br>Dated:- 28-2-2011<br><BR>Presenting the General Budg....

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....et 2011-12 here today, Shri Pranab Mukherjee, Finance Minister announced that: &bull; Full exemption from basic Customs Duty and a concessional rate of Central Excise Duty is proposed to be extended....

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.... to batteries imported by manufacturers of electric vehicles. &bull; A concessional Excise Duty of 10% has also been proposed to vehicles based on fuel cell technology. &bull; The Excise Duty on k....

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....its used for conversion of fossil fuel vehicles into hybrid vehicles has also been reduced. &bull; The Excise Duty on LEDs is proposed to be reduced to 5% and special CVD being fully exempted. &bu....

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....ll; The basic Customs Duty on solar lantern is proposed to be reduced from 10 to 5%. &bull; Full exemption from basic Customs Duty has been proposed to crude palm stearin used in manufacturing of la....

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....undry soap. &bull; Full exemption from basic Excise Duty granted to enzyme based preparation for pre-tanning has also been proposed.<BR> News - Press release - PIB....