ANNOUNCED AS TEMPORARYNo
On 17 February 2014, the Indian Minister of Finance presented the interim budget. As 2014 is the year of the general elections in India, the Minister presents a budget only for the period until the elections. Further, the changes in taxes/duties are very limited in an interim budget.
The changes relevant to international commerce are as follows:
Additionally the following reduction in local taxes were made to support local production -
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