23.3.11

Post Budget relief

Proposal to levy 5% service tax on hospitals, diagnostic tests dropped
FM reduces proposed duty on imported luxury cars assembled in India from 60% to 30% but prices will still rise since the pre-budget duty was 10%
Import duty on raw silk cut
Lower excise burden on branded readymade garments; SSI units exempted
Marginal relief for 130 items that are proposed to be brought under excise net

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