Current Affairs-Indian Government's Union Budget 2013-14:No Change in the Normal Rates of Excise Duty and Service Tax

No Change in the Normal Rates of Excise Duty and Service Tax 
Peak Rate of basic Customs Duty for Non-Agricultural Products also Untouched

There is no change in the peak rate of basic customs duty of 10% for non-agricultural products. Presenting the Union Budget in Lok Sabha today, the Finance Minister announced that there will be no change in the normal rate of excise duty of 12% and the normal rate of service tax of 12%.