According to Union Budget 2023-24, consider the following statements regarding indirect taxation changes made for green mobility:
1. Increase of excise duty on GST-paid compressed biogas contained in it.
2. A customs duty exemption is being extended to import of capital goods and machinery required for manufacture of hydrogen cells for batteries used in electric vehicles.
Which of the above statements is/are correct?
To avoid cascading of taxes on blended compressed natural gas, I propose to exempt excise duty on GST-paid compressed biogas contained in it. To further provide impetus to green mobility, customs duty exemption is being extended to import of capital goods and machinery required for manufacture of lithium-ion cells for batteries used in electric vehicles.
In the following question, two columns are given, containing three phrases each. A phrase from the first column may or may not connect with a phrase fr...
(D) o...
Match Column I and Column II and choose the correct match from the given choice