Union Budget India 2008 : What is Cheaper & Costlier?
What will be cheaper
* Pharma goods excise duty cut to 8%
* Anti-Aids drug gets excise duty exemption
* Custom duty for phosphoric acid custom duty reduced to 5%
* Custom duty on some bulk drugs cut from 10% to 5%
* Custom duty on steel scrapped
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* Excise duty reduced from 16 to 8 per cent on water purification items.
What will cost more* Excise on packaged software to go up from 8% to 12%
* No excise duty on refrigerating equipments
* Duty on non filter cigarettes to be raised