IN DEPTH: Indian Financial Bill: Highlights
Excise duty on paper units, up to a capacity of 10,000 tons reduced to 5%
Vermicelli, absorbent cotton wool, non-absorbent cotton wool, gauze, bandages and similar articles for medical purpose would be free of excise, if they are marketed without a brand name.
Specified coir processing machinery excempted from excise duty
Excise duty on insulated wares of plastics reduced to 15% from 20%
Certain specified processed narrow woven fabrics of cotton and man-made fiber products exempted from excise duty.
Custom duty on Hard Disk Drives, floppy disk drives and CD ROM drives, reduced from 20% to 10%
Custom duty on primary forms of stainless steel, other than stainless steel slabs, increased to 30% from 20%
Custom duty on stainless steel scrap reduced to 10% from 20%