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Costlier and cheaper - The budget after effects

February 29, 2008 by financeminister

Tax decreased on

  • Small cars and hybrid cars - Excise duty reduced from 24 per cent to 14 per cent.
  • Two wheelers - Excise duty reduced.
  • Consumer goods - 2 per cent cut in excise duty on all consumer goods.
  • Sports goods
  • Life saving drugs including anti AIDS drugs will now enjoy tax breaks.

Tax increased on

  • Cigarettes - Non filter cigarettes also to be taxed same as filtered cigarettes.
  • Mobile phones - One per cent excise duty proposed on mobile phones.
  • Software - Excise duty on packaged software increased from 8 per cent to 12 per cent.
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