Tuesday, February 28 2006 12:34 Hrs (IST) - World Time -

New Delhi: Peak customs duty for non agricutlure products reduced from 15 to 12.5 per cent.

Customs Duty on primary and non-primary steel and alloy products reduced from 10 per cent to 7.5 per cent. Duties on mineral products reduced from 15 to five per cent, barring some items

Duty on ores and concentrates reduced from five to two per cent.Duty on refractories reduced to 7.5 per cent.

Customs duty reduced on ten anti-AIDS drugs and 14 anti-Cancer drugs to five per cent.

Customs duty on packaging machines reduced from 15 per cent to five per cent.

Four per cent contervaling duty on all imports to be levied with few exceptions.

Customs duty on bulk plastics reduced from 10 per cent to five per cent,

To protect vanaspati industry, customs duty to be increased to 80 per cent on its imports.

Import duty on all man made fibre has been reduced from 15 per cent to 10 per cent

Excise duties on man-made fibres and filament yarn reduced from 16 per cent to eight 8 per cent, since it provides growth and employment.

Eight per cent special additional duty on aerated soft drinks and small cars withdrawn and they will attract only 16 per cent Cenvat excise duty instead of 24 per cent earlier.

Reduction of duty on footwear priced between Rs 250 and Rs 750 from 16 per cent to eight per cent.