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February 28, 2001                                       Feedback  

    - EXIM POLICY '00



    - BUDGET 00-01
    - BUDGET 99-00
    - BUDGET 98-99
    - BUDGET 97-98


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First-cut analysis: Industry


Positive impact, due to reduction in excise duties on cars and high customs duty on 2nd hand car imports.

Positive impact, due to increase in plan allocation to National Highway Development Project for construction of highways, and due to tax exemption on interest for housing loan from Rs 1,00,000 to Rs 1,50,000.

Negative impact, as food and beverage costs are expected to increase due to the imposition of CVD on imported liquor.

Information Technology
Positive impact, due to expected increase in computerisation of govt. departments, PSUs, insurance companies, banks, by March 2002. Tax holiday facility under sections 10A/10B extended even when there is change of ownership. Onsite services are also eligible for tax exemption.

Organised garment producers
Negative impact due to imposition of excise duty of 16 per cent on branded garments.

Positive impact on major Indian pharmaceutical companies, due to the extension of benefit of weighted deduction given on R&D expenditure to expenditure incurred on biotechnology research, clinical trials and expenditure incurred on regulatory approval.

Telecom equipment
Negative impact on equipment manufacturers due to reduction of customs duty to 15 per cent on products

Telecom services
Positive impact due to reduction in customs duty on equipment. Positive impact on new broadband, internet, and basic and cellular projects starting after April 2000 due to tax holiday.

Cotton yarn
Positive impact due to withdrawal of concession on excise duty to SSIs.
Composite mills
Positive impact due to imposition of ad valorem duties on independent textile processors.

Negative impact, due to increase in excise duties on 2-wheelers.

Commercial vehicles
Positive impact, due to accelerated depreciation of 50 per cent in first year, and increase in outlay for roads.

No significant impact

Auto ancillaries
Positive impact, due to benefits provided to cars and commercial vehicles.

Rediff-CRISIL Budget Impact Analysis
Budget 2001

Disclaimer: CRISIL has taken due care and caution in compiling this report. Information has been obtained by CRISIL from sources which it considers reliable. However, CRISIL does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. CRISIL is also not responsible for any errors in transmission and especially states that it has no financial liability whatsoever to the subscribers/ users/ transmitters/ distributors of its web site.

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