Rediffmail Money rediffGURUS BusinessEmail

FM scraps surcharge on tea

February 28, 2005 14:03 IST
Source:PTI

The surcharge on tea has been removed and there would no longer be excise duty on edible oils and vanaspati, government on Monday proposed in the Budget.

The surcharge at the rate of Re 1 per kg of tea has been removed, Finance Minister P Chidambaram told Parliament.

He also proposed a duty exemption for edible oils and vanaspati. The excise duty for edible oils stand at one per cent while the duty on vanaspati stands at 1.25 per cent.

As part of United Progressive Alliance's focus on boosting the agriculture and food processing industries, the finance minister said the customs duty on refrigerated vans would now attract 10 per cent duty against 20 per cent.

He also said the agricultural tractors would remain duty-free.

The import duty on cut flower has been raised to 60 per cent from 30 per cent.

Source: PTI
© Copyright 2026 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

MORE FROM REDIFF

WEB STORIES

Moto G Max Unveiled In India

iQOO Z11 Launched: Price, Key Features

5 Airports That Make Flying A Pleasure

VIDEOS

NEWS BUSINESS MOVIES CRICKET SPORTS GET AHEAD REDIFF-TV REDIFF ASTRO MOBILE RECHARGE BILL PAYMENTS