Excise and Customs Concessions
THE Finance Minister announced concessions in Central Excise Duty to chassis for commercial vehicles, ballpoint pen ink, polyester fibre and yarn made from waste, and certain parts of footwear. Among the major reliefs in the customs side, are exemptions to wood pulp, goods required for the setting up of solar power projects and certain raw materials for the manufacture of the solar cells. Notifications to give effect to these changes would be issued in due course. He also announced certain other minor changes, which we will come to know from the notifications.