Excise duty on food processing and packaging industry cut: Jaitley

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New Delhi, July 10 (IANS) The government has proposed reducing excise duty on specified food processing and packaging machinery from 10 percent to 6 percent, Finance Minister Arun Jaitley said here Thursday.

"To incentivize expansion of processing capacity, excise duty on specified food processing and packaging machinery has been reduced from 10 percent to 6 percent," he said presenting his maiden Budget in the Lok Sabha.

Read more about: union budget 2014, excise duty
Story first published: Thursday, July 10, 2014, 15:36 [IST]
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