Government Adjusts Excise Duty Rates on Various Goods in Economic Bill 2083
Summary
The government has revised excise duty rates on various goods for fiscal year 2083/84, abolishing duties on 360 items while increasing rates on liquor, tobacco, certain foods, and beverages.
Key Points
- Government abolished excise duty on 360 items through the Economic Bill 2083 for fiscal year 2083/84.
- Excise duties increased on liquor, tobacco products, junk food, paints, and various beverages.
- Duty on jaggery and sugarcane molasses slightly increased from previous rates.
- Excise duty on specific foods such as pasta, biscuits, and snacks like Kurkure and Lays has risen significantly.
- Excise duty on non-alcoholic beer and energy drinks has been notably doubled or more.
