Basic customs duty on life-saving drugs down to 5% from 10%.
• Full Customs duty exemption on rough corals.
• Customs duty on gold bars up at 200 rupees/10 gms.
• Customs duty on life-saving equipment down to 5% from 7.5%.
• Customs duty for permanent magnets down to 5% from 7.5%.
• 8% excise duty on man made fibre.
• Excise on pure cotton textiles restored to 4%.
• Customs duty on silver hiked to 1,000 rupee/kg.
• Hike on customs duty on silver excludes jewellery.
• Wool waste, cotton waste customs duty down to 10% vs 15%.
• 4% excise on paper, paper goods, kitchen appliances.
• Excise on paper, paperboard articles retained at 4%.
• Blended petrol To be exempt from excise duties.
• To scrap excise on petrol, diesel blended with bio-diesel.
• 4% excise to stay on items of mass consumption.
• Custom duty on bio-fuel diesel cut to 2.5% from 7.5%.
• Bio-diesel exempt from excise duty FY10.
• Construction sector gets some excise sops.
• No excise duty on branded jewellery
• Excise duty on petrol diven trucks cut
• No new tax on edible oil imports
• Some law services brought under service tax
• Service tax on advise, technical assistance in the field of law on applicable for
individuals
• Over 2000cc vehicle engine surcharge flat at 15,000 rupee.
• Exporters exempt from paying svc tax to transporters.
• Service tax levy on goods transported via rail, waterway.
• Svc tax extended to legal consultancy, not individuals.
• Direct tax proposals are revenue neutral.
• 20 bln rupee gain via indirect tax proposals FY10.