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Article: Excise duty cut applicable for 10 pc slab only.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- February 24, 2009
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Excise duty cut applicable for 10 pc slab only
New Delhi,Feb 24 (PTI) -- A two per cent excise duty cut announced in the interim Budget today will be applicable to only items like a section of cars, metals and white goods, which currently attract 10 per cent duty, the finance ministry said.
"The rate which was 10 per cent has been reduced to 8 per cent. The rate which was 8 per cent and the rate which was 4 per cent, they remain the same," the Central Board of Excise and Customs (CBEC) Member V Sridhar told reporters here.
The cut in 10 per cent excise duty will impact some cars, metals, base chemicals and white goods like TV and refrigerators, ...