excise duty

Did you know that the laws in India are conducive to the wine industry? Due to this, the Indian wine market has witnessed considerable growth across different states in the country, particularly in the state of Maharashtra. In 2001, the Maharashtra Grape Processing Industrial Policy brought about a wave in the wine industry. Since then, the Indian wine market has grown swiftly. According to the policy, the grape wineries are ranked at par with the food processing industry.

On February 26, 2010, the entire Indian subcontinent was eager to watch the Indian Finance Minister, Mr. Pranab Mukherjee, present the Union Budget 2010-2011. Everyone has been praying for the budget to be a balanced bag and questions about what will be hiked were bubbling in everyone’s minds! Will the minister sense the public needs and offer them what they want? Well, as the finance budget is before us now, let us have a look at its provisions.