Indian tax panel suggests changes in tax duty rates

Newswire

NEW DELHI, Dec 27 (Reuters) - An Indian government tax panel recommended changes in duty rates on a range of products on Friday aimed at rationalising the indirect tax structure to boost government revenues. The panel headed by Vijay Kelkar, adviser to the finance minister, said central excise duties on motor vehicles, air-conditioners and aerated water should be fixed at 20 percent and on processed food products and matches at six percent. In its report to the government, the panel also ...

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