Excise Duty on Chapters 84 & 85 Slashed to 10% in Interim Budget 2014-2015 to Boost Capital Goods Growth.

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....To stimulate growth in the capital goods and consumer non-durables, excise duty rated reduced from 12% to 10% on all goods falling under chapter 84 and chapter 85 of CETA - Interim Budget 2014-2015....