Budget Impact on Pesticides Industry               

Budget Impact on Pesticides Industry           (updated - 07 July 2009)
Although Fringe Benefit Tax (FBT) was abolished, there was no clarity on the other demand of the industry body. The pesticides industry had requested for reduction in excise duty on pesticides from 8% to 4%, besides lowering excise duty to 4% from the current level of 16% for furnace oil.

The industry had also requested for zero import duty for major fuels like fuel oil, LSHS, coal, etc. None of these, however, materialised in the budget.

Request for lower import duty on inputs and fuels for captive power plants and reduction of service tax was also denied. Thus, the budget for the pesticides industry is negative as far as immediate impact is concerned.

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