India Budget 2015 Highlights – Duty & Taxes

* Increase in basic custom duty: -Metallergical coke from 2.5 % to 5%. -Tariff rate on iron and steel and articles of iron and steel increased from 10% to 15%. -Tariff rate on commercial vehicle increased from 10 % to 40%. *Basic custom duty on digital still image video camera with certain specification reduced to nil. *Excise duty on rails for manufacture of railway or tram way track construction material exempted retrospectively from 17-03-2012 to 02-02-2014, if not CENVAT credit Read Full Details…