It is the season for submitting 'wish lists' to the finance minister. Let me make only one point today, which is to simplify the duty rate structure.
Education sector has reasosn to cheer Budget.
Clean energy cess to hike cost for power sector.
Excise duty cut to boost Polymers sector.
The govt has hiked customs duty for metallurgical coke.
A neutral Budget for media and entertainment sector.
There is nothing specific announced for Chemicals Industry, however, reduction in customs duty
The new service tax of 14% will jack up costs of shopping, travel, insurance premiums and property purchases
Stocks to watch: Container Corp, Snowman Logistics & Transport Corp
Custom duties, a major concern for the oil sector.
This change will come into effect from April 1.
Several exemptions have been given to reduce the cost of raw materials.
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The notice also said service tax amounting to Rs 28.08 crore (Rs 280.8 million), in addition to education cess of Rs 56 lakh and secondary and higher education cess of Rs 28 lakh (Rs 2.8 million) for the period between October 2007 and September 2012, should be recovered from Amity under the provision to sub-section 1 of section 73 of the Finance Act.
NDA government has shunned populism.
Stocks to watch: BHEL, L&T, IRB Infra and Suzlon
Tendering the shares in an open offer will lead to higher taxation.
Indian economy about to take-off
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