India's annual budget report was announced yesterday by the finance minister P.Chidambaram. The Economic Times is carrying a report highlighting the major changes in each sector.
Computers have been exempted from excise duty. Stand alone Central Processing Units (CPUs) will also be eligible for the exemption. Parts captively consumed in the factory of the manufacture of computers have also been exempted from excise duty.
Read the full article here. A visual presentation, albeit one in poor taste, is also available here.
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