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Indirect Taxes- Excise Duties:
● Reduction in ad valorem component of excise duty on petrol and
diesel from 8% to 6%.
● exemption limit for small scale industry (SSI) to be raised from
Rs.1 crore to Rs.1.5 crore;
● to encourage food processing sector, biscuits whose retail sale
price does not exceed Rs.50 per kilogram and all kinds of food mixes
including instant mixes to be fully exempt;
● reduction in duty on umbrellas and parts of footwear from 16% to
8%; on plywood from 16% to 8%;
● biodiesel to be fully exempt .
● To provide access to pure drinking water, water purification
devices operating on specified membrane based technologies and domestic
water filters not using electricity to be fully exempt;
● exemption on pipes used for carrying water from a water supply
plant to a storage facility to be extended to all pipes of diameter
exceeding 200 mm used in water supply systems .
● Reduction in the rate of duty from Rs.400 per metric tonne to
Rs.350 per metric tonne on cement sold in retail at not more than Rs.190
per bag; rate of Rs.600 per metric tonne on cement that has a higher MRP.
● Specific rates of duty on cigarettes to be increased by about
5%;
● Duty (excluding cess) on biris to be raised from Rs.7 to Rs.11
per thousand for non-machine made biris and from Rs.17 to Rs.24 per
thousand for machine made biris;
● Duty on pan masala not containing tobacco to be reduced from 66%
to 45%; withdrawal of exemption for pan masala containing tobacco and
other tobacco products given to units in the North Eastern States.