DUTY CUTS*

Three slabs of excise duty-14%, 12% and 8% applicable to non petroleum products have been reduced by 4% each. Revised rates will be 10%, 8% & 4%
Duty on cotton textiles and textiles articles has been reduced from 4% to nil.
Ad-valorem on car of 1500 cc and above has been reduced from 24% to 20%.
Duty on cement has been reduced from 12% to 8%.
Naphtha, imported for generation of electric energy, has been fully exempted from basic custom duty.
Export duty of 8% on iron ore fines has been withdrawn
Export duty on iron ore lumps has been reduced by 10% to 5%.

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