Duty-free bonanza

8226; 4 special additional customs duty abolished

8226; Customs duty on coal cut by 10 to 15

8226; Customs duty on power equipment cut from 25 to 10

8226; Telecom projects exempt from basic customs duty for equipment for basic/ cellular/internet, V-sat, radio paging and public mobile radio trunked services

8226; Cut in customs duty for IT-related items

8226; Cut in customs duty of components for manufacture of electronic goods

8226; Power projects exempt from customs duty

FOR THE COMMON MAN

8226; No need to file IT returns for people with income upto Rs 1.5 lakh annually

8226; Pensioners out of purview of 1/6 scheme8212;those who don8217;t have taxable incomes won8217;t have to file returns

8226; Life-saving drugs to be cheaper as also medical equipment

FOR THE CONSUMER

8226; Computers to be cheaper: excise duty halved to 8

8226; Cellphones to be cheaper: customs duty halved to 5

8226; Recorded VCDs, DVDs could be cheaper as they are exempted from excise duty

AIR TRAVELLER

Domestic

8226; 15 cut in domestic airfare thanks to cut in Inland Air Travel Tax

8226; Excise duty on aviation fuel ATF halved to 8 could be passed on to passengers

Foreign

8226;Foreign travel tax of Rs 500 abolished

8226; Laptops as part of baggage exempted from duty

8226; Quantity of duty-free liquor doubled to two litres

FOR RETURNING NRIs

8226; Baggage rules liberalised 8212; six items VCD/VCR, washing machines, PCs, laptops, refrigerators of capacity upto 300 litres and cooking range duty free under transfer of residence

8226; 17 other items including microwave ovens, deep freezer, home theatre DVD player will attract 15 duty instead of the present 30