Customs and excise duty rates have been amended mainly to promote Make in India.
Experts said the rate hike would improve working capital position of the manufactures as it would correct the inverted duty structure but may lead to increase in price of the finished goods.
Stocks to watch: Container Corp, Snowman Logistics & Transport Corp
The key proposals from the IT industry that were not addressed included removal of dual levies on software products
The very design of the GST will bring in revenue buoyancy.
Custom duties, a major concern for the oil sector.
Stock to watch: Shipping Corporation and Great Eastern Shipping
There is much work to be done to design a good GST.
Indian economy about to take-off