Excise duty on food processing and packaging industry cut: Jaitley
New Delhi, July 10 (IANS) The government has proposed reducing excise duty on specified food processing and packaging machinery from 10 percent to 6 percent, Finance Minister Arun Jaitley said here Thursday. "To incentivize expansion of processing...
New Delhi, July 10 (IANS) The government has proposed reducing excise duty on specified food processing and packaging machinery from 10 percent to 6 percent, Finance Minister Arun Jaitley said here Thursday.
"To incentivize expansion of processing capacity, excise duty on specified food processing and packaging machinery has been reduced from 10 percent to 6 percent," he said presenting his maiden Budget in the Lok Sabha.