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a) rate of Central Excise duty from 10 per cent to 8 per cent.
b) the previously changed rates of duty to the effect of 4% has been retained as such and to be extended after 31 March, 2009 as well.
c) the prevailing excise duty rates of 8% and 4% on goods say textile and others have been retained as such
d ) a relief to cement has been extended by way of reduction in central excise duty .The reduction is effective for bulk cement from 10 per cent or Rs. 290 PMT, whichever is higher to 8 per cent or Rs.230 PMT, whichever is higher.
Service Tax- Some Relief for Service Sector
a) In order to arrive at uniform rates under the proposed regime of Uniform Goods and Service Tax ,the rate of service tax on taxable services has been reduced from 12 percent to 10 per cent.
Customs Duty – Relief to Power Sector
The Naptha imported for generation of electricity to attract NIL rate of duty beyond 31 March 2009 as well.
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