TIOL-DDT 2383 · Thursday, 26 June 2014 · story 3 of 7

Excuse me???

THE PIB press release on the issue states "In February 2014, the Government had reduced the excuse duty on:….”

The excuse was not once. A later part of the Press Release states, "Likewise, to stimulate growth in the capital goods and consumer durable sector, excuse duty was reduced from 12% to 10% on all goods falling within Chapters 84 & 85 of the Central Excise Tariff”.