Today Finance minister propose cut Excise duty 10% to 8%
& service tax also cut its breaking news The Economic times
wait for notification
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Excise Duty & Service tax Cut once again
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Government today reduced by two per cent rates of excise duty
While the general excise duty has been reduced from 10 per cent to 8 per cent, the rate of service tax cut from 12 per cent to 10 per cent.
Four per cent excise cut announced earlier in the stimulus package in December will continue beyond March 31, Finance Minister Pranab Mukherjee said while winding up the debate on the Interim Budget in the Lok Sabha today.
The Lok Sabha later approved the Interim Budget by voice vote, amidst a walkout by the Opposition BJP and erstwhile supporters Left parties.
Mukherjee further said that duty on bulk cement has been reduced from 10 per cent to 8 per cent.
what will be effective date for above reduction
we are waiting for notification kindly wait.
thats good news waiting for official notificaTION
its a good news
wat is the efective date
Most probally - effective tonight
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