Multiple choice

Which of the proposals regarding indirect tax is correct as per the Unoin Budget 2011-2012?

  1. Central Excise Duty to be maintained at standard rate of 10 per cent.

  2. Lower rate of Central Excise Duty enhanced from 4 per cent to 6 per cent.

  3. Basic Custom Duty for specified agricultural machinery reduced from 5 per cent to 4 per cent.

  4. A net revenue gain of Rs. 14,300 crore estimated as a result of indirect tax proposals.
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A Correct answer
Explanation

Central Excise Duty to be maintained at standard rate of 10 per cent.

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