Scribd Logo
Upload

Welcome to Scribd!

  • Budget Review: by Raghu H.N

    Uploaded by

    Ankush Anup Das
    7 views5 pages
    FMCG Standard rate of excise duty raised from 10 per cent to 12 per cent. No change in peak customs duty of 10 per cent on non-agricultural goods. Allocation to NREGA at 33,000cr, down from 40,000cr in 2011-12.

    Original Description:

    Original Title

    Budget Review

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPTX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    FMCG Standard rate of excise duty raised from 10 per cent to 12 per cent. No change in peak customs duty of 10 per cent on non-agricultural goods. Allocation to NREGA at 33,000cr, down from 40,000cr in 2011-12.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views5 pages

    Budget Review: by Raghu H.N

    Uploaded by

    Ankush Anup Das
    FMCG Standard rate of excise duty raised from 10 per cent to 12 per cent. No change in peak customs duty of 10 per cent on non-agricultural goods. Allocation to NREGA at 33,000cr, down from 40,000cr in 2011-12.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    BUDGET REVIEW

    FMCG
    By RAGHU H.N.

    A brief Introduction to FMCG

    Fast-moving consumer goods (FMCG) are products that are sold quickly and at relatively low cost. Though the absolute profit made on FMCG products is relatively small, they generally sell in large quantities, so the cumulative profit on such products can be substantial.

    HIGHLIGHTS OF BUDGET - FMCG

    Standard rate of excise duty raised from 10 per cent to 12 per cent; service tax rates raised from 10 per cent to 12 per cent; no change in peak customs duty of 10 per cent on non-agricultural goods

    Allocation to NREGA at 33,000cr, down from 40,000cr in Union Budget 2011-12.

    Reduction in basic customs duty on titanium dioxide from10% to 7.5

    IMPACT
    1. Rise in Excise duty Negative impact on FMCG companies passed on to consumers.
    2. Reduction in the allocation to NREGA is negative for the FMCG sector - reduce the disposable income in the hands of rural households. 3. Reduction in customs duty(titanium dioxide) positive for paint makers.

    You might also like