same time resorted to reduction of duties where it can boost the Indian industry.
Particularly, the reduction of duties on items relating to telecom, information ... duty. Now this five per cent point reduction in the peak tariff rate in the current Budget finally moves the tariff reform forward
Finance Minister in his Budget speech of 1998-99 specifically made reference to reduction in duty structure of Standard Newsprint and also said that ... Counsel has adverted to the Budget speech of the Finance Minister of the Year 1998-99 proposing reduction in duty structure of standard news print
price variation is due to the reduction in duty on the cables in the Union Budget for 1996-97.
xxx xxx xxx
7.2. . From
multiple taxation, the Scheme of Modvat was introduced in the Union Budget for 1986-87 w.e.f. 1-3-1986. However, the Modvat Scheme ... Finance Minister while delivering the Budget speech, had stated that the introduction of Modvat Scheme will result in considerable reduction in the cost of final
B. Kistaiah vs Government Of India And Others on 6 July, 1998
Equivalent citations: 1998
copies of invoices issued by them and invoices raised for the pre-budget period had also been included for determining the value of the goods ... without payment of duty. After considering their explanations, the Additional Collector made reductions totalling Rs. 5,158.50 in the value of the goods removed, from
Revenue) :
I. "22.2 It is an undisputed position that after the
budget of 1979, M/S GTC reduced in the ex-factory, selling
price ... This drastic reduction by Rs.3.90
per 'M' resulted in bringing down the assessable value from
Central Excise and Salts Act, 1944. The Central Government, as per the budget proposals for the year 1979-80, reduced the rate of Excise duty ... from 1-3-1979. The appellants, however, not being aware of the reduction of duty continued to pay duty on the finished product
stated that the Government's primary interest was in getting its budgeted revenue and if that was met, the overcharging was a matter which fell ... with overcharging or the trade margins. With the increase in excise duty, reduction in trade margins had taken place and while this
reduction of his cost of production and also save him from the vagaries of nature.
There are many good points in the Budget. The country
