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Union Budget Focuses on Rationalisation Measures in Indirect Taxes.
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....nion Budget Focuses on Rationalisation Measures in Indirect Taxes. <br>News and Press Release<br>Dated:- 16-3-2012<br><BR>Press Information Bureau Government of India Ministry of Finance 16-March-2....
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....012 14:12 IST Union Budget Focuses on Rationalisation Measures in Indirect Taxes Indirect Taxes Result in Net Revenue Gain of Rs. 45,940 Crore Presenting the General Budget for 2012-13 in LokSabha ....
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....today, the Union Finance Minister ShriPranab Mukherjee has announced various rationalization measures like - Excise duty rationalized for packaged cement, whether manufactured by mini-cement plants o....
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....r others. - Levy of excise duty of 1 per cent on branded precious metal jewellery to be extended to include unbranded jewellery. Operations simplified and measures taken to minimize impact on small a....
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....rtisans and goldsmiths. - Branded Silver jewellery exempted from excise duty. - Chassis for building of commercial vehicle bodies to be charged excise duty at an ad valorem rate instead of mixed rat....
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....e. - Import of foreign-going vessels to be exempted from CVD of 5 per cent retrospectively. - Duty-free allowances increased for eligible passengers and children upto 10 years. - Proposals relating....
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.... to Customs and Central excise to result in net revenue gain of Rs.27,280 crore. - Indirect taxes estimated to result in net revenue gain of Rs.45,940 crore. - Net gain of Rs.41,440 crore in the Bud....
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....get due to various taxation proposals. DSM/YSK/nb/21<BR> News - Press release - PIB....