ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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THE BUDGET- Customs and Excise Innovations

THE BUDGET Customs and Excise Innovations Arun Goyal THE customs and excise aspects of the Budget proposals for the 1986-87 show three significant features. First, the modernisation through equipment import strategy, outlined in the previous year, has been partially reversed to reflect the pressure on balance of payments, The accent on fuel saving and the measures to promote the use of minor oils in vanaspati manufacture are also elements in the shift in policy focus. The need to adopt populist stances, specially after the nationwide protest over the hikes in petrol prices, also find a place in the proposals.

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