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

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Reform of Union Excise Duties

Mahesh C Purohit While the last budget, primarily aimed at reforms, extended MODVAT considerably by including petroleum products, capital goods and the yarn component of the textile sector within its purview, the 1995-96 Budget proposes to mop up resources by increasing the tax rate of two select commodities, cigarettes and cement. This article attempts to look at the likely implications of the budget proposals, by focusing on the tobacco sector.

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