EXCISE DUTY

• General CENVAT rate on all goods reduced from 16% to 14% to give a stimulus to the manufacturing sector.
• Excise on Pharmaceutical sector reduced form 16% to 8%.
• Excise on buses and their chassis, small cars and two & three wheeler reduced form 16% to 12% and on hybrid cars from 24% to 14%.
• Excise on packaged software increased form 8% to 12%.
• Excise duty on a few items including water purification devices, veneers and flush doors, sterile dressing pads, specified packaging material, and breakfast cereals reduced form 16% to 8%.
• Further, Excise duty reduced form 16% to nil on a few items including composting machines, wireless data cards, packaged coconut water, tea and coffee mixes, and puffed rice.