Cigar , Cheroots hua mahenga
Excise Duty on cigars, cheroots hiked to 12.5% or Rs 4006 per thousand, whichever is higher, from 12.5% or Rs 3,755..
Net revenue loss from direct tax proposals to be about Rs 20,000 cr.
To make MSME companies more viable, govt proposes to reduce IT tax with annual turnover of Rs 50 core up to 25%.
Parts used for manufacture of LED lights will attract basic Customs Duty of 5 pc and CVD of 6
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