Basic customs and excise duty on refrigerated containers reduced to 5%

Shri Jaitley announced reduction of basic custom and excise duty on refrigerated containers to 5% and 6% respectively.

To promote Make in India campaign of the Government Shri Arun Jaitley proposed changes in Customs and Excise Duty rates on certain inputs to reduce costs and improve competitiveness of domestic industry in sectors like Information Technology Hardware, Capital Goods, Defence Production, Textiles, Mineral Fuels and Mineral Oils, Chemicals and Petrochemicals, Paper, Paperboard and Newsprint, Maintenance Repair and Overhauling (MRO) of aircraft and ship repair.

Source : Equity Bulls

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