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

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Indirect Taxes: More Said than Done

The finance minister claims to have reduced the number of rates of excise and customs duties. A closer look at the Budget does not bear out this claim. Neither in terms of reducing the number of rates nor of progress in doing away with the maze of exemptions can the Budget claim to have made significant progress in the direction of reform of the system of indirect taxation.
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