Reduction in customs duty on metals used by industry. While duty on copper, zinc and lead reduced from 35 per cent to 25 per cent, duty on Aluminium reduced from 25 per cent to 15 per cent.
De-reservation of a number of items in the SSI sector.
Measures to bring in large-scale public investment in infrastructure development and acceleration in the Golden Quadrilateral project. |
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Additional levy of a cess of 50 paise per liter of diesel and motor spirit, which will contribute Rs 2600 crore (Rs 26 billion) and help in acceleration of highway development program.
IT companies will continue to enjoy the benefits of 10A/10B benefits even after a change of management.
Reduction in excise duty on cars from 32 per cent to 24 per cent and electric vehicles from 16 per cent to 8 per cent.
Decrease in freight rate on iron and steel by around 5.3 per cent. |
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Duty on key inputs such as non-alloy steel to be reduced from 15 per cent to 10 per cent. Duty on alloy steel, copper, lead, zinc and base metals also reduced from 20 per cent to 15 per cent.
Consortium of banks formed to ensure speedy conclusion of loan agreements and implementation of infrastructure projects.
2 per cent education cess on all taxes. |