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ARTICLE · 12 MARCH 2014

Budget Highlights 2014-15

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Finance Minister Mr. P Chidambaram has announced the Interim Budget 2014 on 17th February, 2014.

IndiaGovernment, Public Sector
Megha Kapoor
Megha Kapoor
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Finance Minister Mr. P Chidambaram has announced the Interim Budget 2014 on 17th February, 2014. The key Highlights of the budget are as follows:

Excise Duty

  • In order to encourage the growth in capital goods and consumer non-durables, it has been proposed to reduce the excise duty from 12 percent to 10 percent on all goods falling under chapter 84 and chapter 85 of the Schedule to the Central Excise Tariff Act for the period up to 30.6.2014.
  • Excise duty on small cars, motorcycles and commercial vehicles have been proposed to cut from 12% to 8%; appropriate cut to be done on chassis, trailers.
  • Excise duty on SUVs has been reduced from 30% to 24%, in large and mid-segment cars from 27-24% to 24-20%

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