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Excise duty on commercial vehicle chassis cut

Source : BUSINESS_STANDARD
Last Updated: Tue, May 08, 2012 19:41 hrs

After rolling back a slew of tax measures, Finance Minister Pranab Mukherjee on Tuesday made minor changes in excise and customs duties to benefit commercial auto players, among others. Mukherjee announced a cut in the excise duty on chassis for commercial vehicles by a percentage point. Excise duty concessions were also given to ball point pen ink, polyester fibre and yarns made of waste, along with certain footwear parts.

Certain goods required for solar power, a few raw materials for solar cells and wood pulp were exempted from customs duty. There were other minor alterations as well.

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