BUDGET - BMR Advisors

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www.bmradvisors.comOUR CONTACTSNew Delhi: The Great Eastern Centre, First Floor, 70 Nehru Place, New Delhi 110 019.Tel: + 91 11 3081 5000. Fax: + 91 11 3081 5001.Mumbai: 3F, Contractor Building, 41 R Kamani Marg, Ballard Estate, Mumbai - 400 001.Tel: + 91 22 3021 7000. Fax: + 91 22 3021 7070.Bangalore: 2nd Floor, Embassy Icon Annexe, 2 / 1, Infantry Road, Bangalore 560 001.Tel: + 91 80 4032 0000. Fax: + 91 80 4032 0001.© 2008 <strong>BMR</strong> <strong>Advisors</strong>. All rights reserved.www.taxand.com
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indiaThought LeadershipBUDGET2008Im
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C O N T E N T SFOREWORDECONOMIC IND
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FOREWORDInfrastructure is the backb
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ECONOMIC INDICATORS AT A GLANCEIndi
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period of the previous year, regist
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GROWTH IN CRUDE PETROLEUM PRODUCTIO
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GROWTH IN STEEL PRODUCTION (IN PERC
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FY 2007-08 to 139 billion in FY 201
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Renewable energy sources which incl
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TransmissionDuring the period FY 20
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Policy developmentsElectricity (Ame
Page 24 and 25: PROJECTED INVESTMENT IN THE POWER S
Page 26 and 27: AVIATION INFRASTRUCTUREAs India’s
Page 28 and 29: necessary to carry out amendments t
Page 30 and 31: The ACP is designed to provide a fo
Page 32 and 33: estimated cost of Rs 18.08 billion,
Page 34 and 35: is projected to scale up to Rs 869
Page 36 and 37: ROADS AND BRIDGESIndia has one of t
Page 38 and 39: Carriers’ Act, 1865 and would cat
Page 40 and 41: RAILWAYSThe Indian Railways is the
Page 42 and 43: estimated cost of Rs 280 billion•
Page 44 and 45: BUDGET EXPECTATIONS - POWERThe majo
Page 46 and 47: Customs and Excise duty rationaliza
Page 48 and 49: significant cost efficiencies (both
Page 50 and 51: Central sales taxDeclared goods sta
Page 52 and 53: during initial tax holiday years, s
Page 54 and 55: Reduction of customs duty on cold s
Page 56 and 57: Reduction of CST from 3 percent to
Page 58 and 59: Name of the Scheme FY 2007-08 FY 20
Page 60 and 61: • The amendment to take effect fr
Page 62 and 63: from customs duty. However, within
Page 64 and 65: legal right of possession and effec
Page 66 and 67: • Reduction of peak rate of excis
Page 68 and 69: • Supply of tangible goods where
Page 70 and 71: Thus, import of goods for airport d
Page 72 and 73: GLOSSARYAAIACDACPAERAATFATMBCDBIALB
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BUDGET - BMR Advisors

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