Excised duty on branded Jewellery scrapped

The Minister while presenting the Budget, has extended the benefit of SSI exemption scheme to printed laminated rolls bearing the brand name of others by excluding this item from the purview of the brand name restriction.

On packaged or canned software, the excise duty exemption has been provided on the portion of the value which represents the consideration for transfer of the right to use such software, subject to specified conditions.

The excise duty on branded articles of jewellery has also been reduced from 2% to NIL.

Source : Equity Bulls

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