Many States have increased rate of VAT from 4 % to 5 %. Therefore , FM has also increased lower rate of Central Excise Duty from 4 % to 5 %. Peak Basic rate of central Excise is 10 % only.
Net gain by Indirect tax in this budget is Rs 7,300 crore.
Net gain by Indirect tax in this budget is Rs 7,300 crore.