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Government of India

Ministry of Finance

Department of Revenue

Tax Research Unit


New Delhi, dated the 17th   April, 2014


Industry and Trade Associations

Subject: Suggestions from the Industry and Trade Associations for General Budget 2014-15 regarding changes in direct and indirect taxes.


In the context of formulating the proposals for the Union Budget  2014-15, the Ministry of Finance would like to be benefited by the suggestions and views of your Association.  You may, therefore, like to send your suggestions for changes in the duty structure, rates and broadening of tax base on both direct and indirect taxes giving economic justification for the same. Suggestions may also be given for simplification and rationalization of duties and taxes.

2.  Your suggestions and views may be supplemented and justified by relevant statistical information about production, prices, revenue implication of the changes suggested and any other information to support your proposal. The request for correction of inverted duty structure, if any for a commodity, should necessarily be supported by value addition at each stage of manufacturing of the commodity. It would not be feasible to examine suggestions that are either not clearly explained or which are not supported by adequate justification/ statistics. As regards direct taxes, the government’s policy is to phase out profit linked deductions and minimize exemptions; you may take this into consideration while forwarding proposals. The Synopsis of your suggestions could be given in the following format:




2.1  Further, in respect of proposals relating to changes in Customs and Central excise duty rates, the following additional information may be provided.

S. No

HS Code

Description of the Product

Quantum of Imports 2012-13 and 2013-14

CIF value of imports 2012-13 and 2013-14

Quantum of domestic production 2012-13 and 2013-14

Value of domestic production 2012-13 and 2013-14

Unit Price (CIF)

Existing Duty

Proposed Duty

Revenue implication of the proposal

Implications of the proposal for the domestic industry

3.  Your suggestions and views may be emailed, as word document in the form of separate attachments, in respect of Indirect Taxes (1. Customs and Central Excise, 2. Service Tax) to budget-cbec@nic.inand 3. Direct Tax to Hard copies of the Pre-Budget proposals/ suggestions relating to Customs & Central Excise may be sent to Shri P. K. Mohanty, Joint Secretary (TRU-I), and Service Tax to Shri M. Vinod Kumar, Joint Secretary (TRU-II), CBEC, while the suggestions relating to  Direct Taxes may be sent to Ms Pragya S. Saksena, Joint Secretary, Tax Policy and Legislation (TPL-I), CBDT . It would be appreciated if your views and suggestions reach us by the 5th May 2014.

Yours sincerely,

(P.K. Mohanty)

Joint Secretary (TRU-I)

Tele/Fax: 2309 2687/2309 2031

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