Excise Duty Concessions to Factory Built Ambulances - Relief for Lactose For Manufacturing of Homoeopathic Medicines - Proposals Relating to Customs and Central Excise Estimated to Result in a Net Revenue Gain of Rs.7300 Crore

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....xcise Duty Concessions to Factory Built Ambulances - Relief for Lactose For Manufacturing of Homoeopathic Medicines - Proposals Relating to Customs and Central Excise Estimated to Result in a Net Revenue Gain of Rs.7300 Crore <br>News and Press Release<br>Dated:- 28-2-2011<br><BR>Presenting the General Budget 2011-12 here today, Shri Pranab Mukherjee, Finance Minister has informed that the proposa....

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....ls relating to Customs and Central Excise are estimated to result in a net revenue gain of Rs.7300 crore. He has proposed: &bull; Exemptions from parallel Excise Duty for domestic suppliers producing capital goods needed for expansion of existing mega or ultra mega power projects. &bull; Full exemption from basic Customs Duty to bio-asphalt and specified machinery for application in the constr....

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....uction of national highways. &bull; Scope of exemptions from basic Customs Duty for work of art and antiquities extended to apply for exhibition or display in private art galleries open to the general public. &bull; Exemption from Import Duty for spares and capital goods required for ship repair units extended to import by ship owners. &bull; Concessional basic Customs Duty of 5% and CVD of ....

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....5% available to newspaper establishments for high speed printing presses extended to mailroom equipment. &bull; Jumbo rolls of cinematographic film fully exempted from CBD by providing full exemption from Excise Duty. &bull; Out right concession to factory-built ambulances from Excise Duty. &bull; Relief measures proposed for raw pistachio, bamboo for agarbatti, lactose for the manufacture o....

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....f homoeopathic medicines, sanitary napkins, baby and adult diapers.<BR> News - Press release - PIB....