Finance Minister P Chidambaram has spared items used by the common man from price hikes in the tax proposals in the interim Budget 2014-15 but reduced duties on automobiles. Following slideshow shows the list of what will be cheaper.

Excise duty for scooters, motorcycles and commercial vehicles will come down to 8 per cent from 12 per cent

Excise duty for scooterswill come down to 8 per cent from 12 per cent

Excise duty for commercial vehicles to come down to 8 per cent from 12 per cent

Excise duties on mobile handsets will be restructured to six per cent for all categories. In last year's budget, the Government had raised the excise duty to 6 per cent on handsets priced above Rs 2,000.

Service tax is be abolished on rice from the staple’s loading to storage stage.

Customs duty structure on non-edible grade industrial oil and its fractions, fatty acids and fatty alcohols rationalised at 7.5 per cent.

Cord blood storage service will cost less with the service tax of 12 per cent on cord blood banks being withdrawn

Published on February 17, 2014