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Highlights
Tax sops
All core projects, including airports, ports, inland ports, industrialparks and T&D projects to get 10-year tax holiday5-yr tax holiday for telecom sector extended up to March 31, 03; ISPsand broadband networks also to get this benefitPetroleumCrude import duty remains untouched at 10 pc, and petro-goods at 20 pc Refined To be freed of controls by April, 02 Excise on petrol up 32 pc; diesel up 16 pc; consumers to be spared OPA to swell by Rs 2,000cr annually Rs 12,000cr oil pool deficit for this fiscal 8 pc excise on PLG, kerosene to continue 5 pc customs duty on PDS keroseneDuty front
10 pc customs surcharge goes Customs on tea, coffee, copra, coconut doubled to 70 pc. Uniform customs on crude edible oils doubled at 75 per cent. Cutoms on IT, telecom products cut to 15 pcPower front
Allocation for accelerated power development programme up Rs 1,500crfrom Rs 1,000cr Power distribution to be commercialised State electricity regulatory commissions to fix tariffs Cent per cent metering to be ensured by Dec Energy audits at all levels Rs 750cr for rural electrificationCopyright © 2001 Indian Express Newspapers (Bombay) Ltd.
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