Question
According to Union Budget 2023-24, consider the
following statements regarding indirect taxation changes made for green mobility: 1. Exemption 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 lithium-ion cells for batteries used in electric vehicles. Which of the above statements is/are correct?Solution
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.
Who is the chairman of 15th Finance Comission?
2000 factories require a Sum Insured of Rs.10 crores each. Statistically, we know that 2 factories get destroyed by fire each year. However, we do not ...
What type of insurance covers goods in transit by road, rail, sea, or air against various risks?
Which of these changes would typically require an endorsement?
Which among the following principle states about the Individual who should be benefitted from the insured item?
The maximum foreign direct investment (FDI) allowed in Indian insurance companies is:
Under Pradhan Mantri Jeevan Jyoti Bima Yojana, the life coverage available until the age of ______.
Consumer Protection Act deals with:
The product which we buy due to necessity is called a ______ purchase.
Identify the scenario where a debate on the need for insurance is not required.Â
