In a Nutshell

8226; Dut y cut for part s in making cell phones.

8226; Excise duty exemption on tractors.

8226; Gas stoves to become cheaper

8226; Customs duty on platinum reduced to Rs 200 per 10 gm from Rs 500 per gm

8226; Patented leather exempted from customs duty

8226; Excise duty exemption on specified raw materials used in cathode rays tube to cut TV costs

8226; Pens 038; ball point pens, food beverages, branded and packaged meat, fish and poultry to become cheaper

8226; Threshold level for revenue stamps on receipts has gone up from Rs 500 to Rs 5000

8226; Rent a cab scheme to be cheaper as operators would get 60 per cent abatement on service tax

8226; Convention services where catering is also provided to get 40 per cent abatement on service tax.

8230; And some bad

8226; Excise duty on matches up to 16 per cent without cenvat rates from eight per cent with cenvat rates.

8226; Imitation jewellery, steel, cakes 038; pastries and scented suparis to become more expensive

8226; Contact lens, playing cards, candles, prefabricated buildings, laboratory glassware, plastic insulated ware, clocks and watches.

8226; Life Insurance premiums to go up with service tax being extended to risk cover in life insurance services

8226; Mobile services, cable TV services, credit card, stock brokinig to become costlier with the increase in the service tax rate from 8 per cent to 10.2 per cent

8226; Safe deposit lockers and vaults, maintenance of computers, mandap keeper services provided by hotels, commission agents, broadcasting services to become expensive with service tax exemptions being removed

8226; Banking and financial services to be taxed include issuing pay orders, demand drafts, cheques, letters of credit, bank guarnatees, etc

8226; Business exhibition services, transport of goods by roads, transport of goods by air, intellectual property services other than copyrights, pandal or shamiana services, outdoor catering, construction services, travel agents other than air/rail travel agents to become expensive with the imposition of service tax of 10.2 per cent

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