Budget 2008 - Excise

Kirthi Priya (CA Final Student) (58 Points)

29 February 2008  

Peak rate - no change

CENVAT - decreased from 16% to 14%

Pharmaceutical - from 16% to 8%

Buses & chasis - from 16% to 12%

Small cars - from 16% to 12%

Hybrid cars from - 24% to 14%

2 wheelers - from 16% to 12%

Writing, printing and packaging material - from 12% to 8%

Wireless data card, puffed rice - 16% to nil

Water purification devices - 16% to 8%

Bulk cement - Rs 400 per MT or 14% advolarem - whichever applicable

Cement clinkers - Rs.450 per MT