Interim Budget: What will turn cheaper

Updated - February 17, 2014 at 03:35 PM.

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Excise duty on SuVs reduced to 24 per cent. ▲

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Cord blood storage service will cost less with the service tax of 12 per cent on cord blood banks being withdrawn ▲

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.

Published on May 12, 2024 03:47