Thrust on infrastructure spending.
Withdrawal of special excise duty of 8% on two-wheelers and cars.
Import of second hand vehicles permitted at 105% with effective duty at 180%.
Accelerated depreciation of 50% of new CVs for the first year. |
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Peak customs duty reduced to 30% from 35%.
Dereservation of 50 items of select components that fall under the SSI sector.
Administered interest rates lowered by 50 basis points.
Special excise duty on passenger car sales, MUVs and tyres retained.
Petrol and diesel prices reduced. |
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Excise Duty on passenger cars and UVs reduced from 32% to 24%.
Peak customs duty reduced from 30% to 25%.
Extension of R&D benefits.
Significant thrust on infrastructure development, especially roads. Concerted measures to boost the manufacturing sector. |