Mr P Chidambram, Hon'ble FM to-day laid before the house vote on account for the year 2014-2015.
While he refrained from announcing any change in the direct taxes regime, he offered some soaps in indirect taxes.
Manufacturing Sector gets a boost............Excise duty lowered from 12% to 10%
Automobile is another gainer....................
Small Cars get cheaper with excise duty cut from 12% to 8%
SUV..............................................................from 30% to 24%
Large Cars..................................................from 27% to 24%
from 24% to 20%
Locally Manufactured Mobile Phone to be Cheaper and so would be Soaps, Detergents etc.................
Rice is finally an agricultural produce and gets service tax
exemption on storage, transportation etc.