Gujarat news, narendra modi, online gujarat news, ahmedabad, jyotirlinga, dwadashjyotirlinga, gujarat election news, BJP, Congress, vibrant Gujarat,

Six Life Saving Drugs Exempted from Excise Duty in Budget

• 
• 

User Rating:  / 0

PoorBest 

Current News

Friday, 16 March 2012 14:33

Published on Friday, 16 March 2012 14:33

Hits: 941

Gujarat Global News Network, New Delhi

Health and Nutrition has got some Boost in the Budget presented by Union Finance Minister Pranab Mukherjee today. Six life Saving Drugs Exempted from Excise Duty in Budget this year. Also customs duty has been slashed on soya protein, isolated soya protein, iodine and probiotics.

The budget has proposed to extend concessional basic customs duty of 5 per cent with full exemption from excise duty/ CVD to six specified life-saving drugs/ vaccines in this year’s budget.

He proposed to reduce basic customs duty on soya protein concentrate and isolated soya protein to 10 per cent from the present 30 per cent or 15 per cent respectively. Basic customs duty and excise duty reduced on iodine from 6 per cent to 2.5 per cent. On probiotics, the basic customs duty is now 5 per cent reduced from 10 per cent.   

For news in Hindi see our Hindi daily Chaupal Chronicle

• < Prev
• Next >