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Excise duty on food processing and packaging industry cut: Jaitley

  •   Thu, Jul 10 2014 04:23:04 PM

New Delhi, July 10 (IANS): The government has proposed reducing excise duty on specified food processing and packaging machinery from 10 percent to 6 percent, Finance Minister Arun Jaitley said here Thursday.

“To incentivize expansion of processing capacity, excise duty on specified food processing and packaging machinery has been reduced from 10 percent to 6 percent,” he said presenting his maiden Budget in the Lok Sabha.
  

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Title: Excise duty on food processing and packaging industry cut: Jaitley



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