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Nil Cvd

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Budget has no good news for pharma sector

Budget provisions: Excise duty on formulations has increased from 4 per cent to 5 per cent. Imposed MAT on developers of Special Economic Zones as well as units operating in SEZs. Minimum......

Retain customs duty on papers at 10%

The global paper demand suffered very badly during the global recession. Due to recessionary tendencies in advanced markets of America and in Europe, there was a contraction in demand for paper.......

Duty on few life saving medical devices to be exempted

Over  the  past  decade,  the  industry  has  shifted  focus  from   the  traditionally  lucrative developed markets to the......

Effective excise duty on branded garments eased little

Union Budget has given mixed bag of response for the recommendations of Textile Industry. Some of the provisions in the budget that could have a direct and indirect bearing on the Textile and......

Consumer durables: computer tablets, LEDs to cost less

Budget provisions Basic customs duty on Organic LED (OLED) TV panels from 10% to Nil. Parts, components and accessories (falling under any Chapter) for use in the manufacture of tablet computers......

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