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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..... 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
News and Press Release
Dated:- 28-2-2011

Presenting the General Budget 2011-12 here today, Shri Pranab Mukherjee, Finance Minister has informed that the propos .....

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

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..... ruction of national highways. • 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. • Exemption from Import Duty for spares and capital goods required for ship repair units extended to import by ship owners. • 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. • Jumbo rolls of cinematographic film fully exempted from CBD by providing full exemption from Excise Duty. • Out right concession to factory-built ambulances from Excise Duty. • Relief measures proposed for raw pistachio, bamboo for agarbatti, lactose for the manufacture .....

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..... of homoeopathic medicines, sanitary napkins, baby and adult diapers.
News - Press release - PIB .....

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