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| Cheaper food on breakfast table | | | New Delhi | Feb 29
The breakfast food like corn flakes, sharbat, coffee and tea pre-mixes and packaged tender coconut will cost less as the Budget for 2008-09 has either exempted or reduced excise duties on a number of processed food items.
Finance Minister P Chidambaram has totally exempted from excise duty packaged tender coconut water, paws, puffed rice, milk containing edible nuts and tea and coffee pre-mixes.
The duty has been halved to eight per cent on muesli, corn flakes and sharbat. It has been done so even on the packaging material like open top sanitary (OTS) cans, aseptic packaging paper and aseptic bags.
Total exemption has also been given on specified refrigeration equipment for the installing of a cold storage, cold room or refrigerated vehicle, on end-use basis. |
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