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Union Budget 2015-16
Secondary sector
Musthafa K M
LEAD College of Management
Make in India
• A major national Program ,Designed to facilitate investment,
Foster Innovation, enhance skill Development, Project
Intellectual Property and build best-in-Class manufacturing
infrastructure.
• It involves Automobiles, Aviation, Biotechnology, Chemicals,
Construction, Defence manufacturing, Electrical machinery,
Food processing, Railway, space and Road and highway
Sectors
Benefits
• Job creation
• Investment attraction
• Domestic manufacturing
• Foreign product become cheaper
• General Anti Avoidance Rule (GAAR) to be deferred by two
years.
• GAAR to apply to investments made on or after 01.04.2017,
when implemented
• Additional investment allowance (@ 15%) and additional
depreciation (@35%) to new manufacturing units set up
during the period 01-04-2015 to 31-03-2020 in notified
backward areas of Andhra Pradesh and Telangana.
RateofIncome-taxonroyaltyandfeesfor
technicalservicesreducedfrom25% to10%
IMPACT
• For all of those tech start ups, this surely is a thumbs
up. Technical growth in India is quite overwhelming so
this decrease in royalties and FTS was long awaited.
• Basic Custom duty on certain inputs, raw materials, inter
mediates and components in 22 items, reduced to minimize
the impact of duty inversion
• All goods, except populated printed circuit boards for use in
manufacture of ITA bound items, exempted from SAD.
• Excise duty on chassis for ambulance reduced from 24% to
12.5%.
Defence
• Make in India policy to achieve greater self-sufficiency in the
area of defence equipment, including aircraft. Budget
allocation for FY16 Rs2,46,727 crore ( 11% increase)
• IMPACT
• Positive for BEL, BEML, Astra microwave, L&T, Rolta & Pipavav.
Swatch Bharath
• 100% deduction for contributions, other than by way of CSR
contribution, to Swachh Bharat Kosh and Clean Ganga Fund.
• Clean energy cess increased from `100 to `200 per metric
tone of coal, etc. to finance clean environment initiatives.
• Excise duty on sacks and bags of polymers of ethylene other
than for industrial use increased from 12% to 15%.
• Enabling provision to levy Swachh Bharat cess at a rate of 2%
or less on all or certain services, if need arises.
• Services by common affluent treatment plant exempt from
Service-tax.
• Concessions on custom and excise duty available to
electrically operated vehicles and hybrid vehicles extended
upto 31.03.2016
Increase in basic custom duty:
• Metallergical coke from 2.5 % to 5%.
• Tariff rate on iron and steel and articles of iron and steel
increased from 10% to 15%.
• Tariff rate on commercial vehicle increased from 10 % to 40%.
• Basic custom duty on digital still image video camera with
certain specification reduced to nil.
• Excise duty on rails for manufacture of railway or tram way
track construction material exempted retrospectively from 17-
03-2012 to 02-02-2014, if not CENVAT credit of duty paid on
such rails is availed
Energy
• Budget propose that 5 New Mega project is to setup
• Union budget allocate 1 Lakh crore
• Second Unit of Kudankulam Nuclear Power Station will be
Commissioned in 2015-16
• Speeding up National Optic Fiber Project.(There is a plan to
connect all the 2,50,000 Gram panchayats in the country)
Green India
• Target of renewable energy capacity revised to 175000 MW
till 2022, comprising 100000 MW Solar, 60000 MW Wind,
10000 MW Biomass and 5000 MW Small Hydro.
• Government is launching a scheme for Faster Adoption and
Manufacturing of Electric Vehicles
Impact
• Would infuse investments of Rs1000bn. Benefits L&T and
Powergrid Corporation.
• Positive for optic fibre cable manufacturers in securing
additional orders. Benefits Finolex Cables Ltd.
FMCG and Retail
• Increase in excise duty for cigarettes Upto 65mm- 25%
increase Others - 15% increase
• Footwear with leather uppers and having retail price >Rs1000
per pair reduced to 6% from 12%
• IMPACT
• Negative for Cigarette companies like ITC, Godfrey Phillips and
VST Industries. Positive for footwear companies like Bata,
Mirza International and Liberty Shoes.
Metals & Mining Coal Steel
• Clean energy cess from Rs100 to Rs200/mt Import duty on
iron & steel increased to 15% from 10%
• IMPACT
• Negative for coal & power sector. Positive for Tata steel, JSW
steel.
You will pay more for
• Cigarettes and other tobacco products
• Completely built imported commercial vehicles
• Cement
• Flavored drinks and packaged water
• Plastic bags and sacks
• Business and executive class air travel
• Visit to amusement and theme park Music concerts
You will pay less for
• Leather footwear priced above Rs. 1,000 per pair
• Locally made mobile phones,
• LED/LCD panels, LED lights and LED Lamps
• Solar Water heater Pacemakers,
• Ambulance and ambulance services
• Computer tablets
• Refrigerator compressors
• packaged fruits and vegetables
• Visit to museum, zoo and national park

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UNION BUDGET 2015-2016

  • 1. Union Budget 2015-16 Secondary sector Musthafa K M LEAD College of Management
  • 2.
  • 3. Make in India • A major national Program ,Designed to facilitate investment, Foster Innovation, enhance skill Development, Project Intellectual Property and build best-in-Class manufacturing infrastructure. • It involves Automobiles, Aviation, Biotechnology, Chemicals, Construction, Defence manufacturing, Electrical machinery, Food processing, Railway, space and Road and highway
  • 5. Benefits • Job creation • Investment attraction • Domestic manufacturing • Foreign product become cheaper
  • 6. • General Anti Avoidance Rule (GAAR) to be deferred by two years. • GAAR to apply to investments made on or after 01.04.2017, when implemented • Additional investment allowance (@ 15%) and additional depreciation (@35%) to new manufacturing units set up during the period 01-04-2015 to 31-03-2020 in notified backward areas of Andhra Pradesh and Telangana.
  • 7. RateofIncome-taxonroyaltyandfeesfor technicalservicesreducedfrom25% to10% IMPACT • For all of those tech start ups, this surely is a thumbs up. Technical growth in India is quite overwhelming so this decrease in royalties and FTS was long awaited.
  • 8. • Basic Custom duty on certain inputs, raw materials, inter mediates and components in 22 items, reduced to minimize the impact of duty inversion • All goods, except populated printed circuit boards for use in manufacture of ITA bound items, exempted from SAD. • Excise duty on chassis for ambulance reduced from 24% to 12.5%.
  • 9. Defence • Make in India policy to achieve greater self-sufficiency in the area of defence equipment, including aircraft. Budget allocation for FY16 Rs2,46,727 crore ( 11% increase) • IMPACT • Positive for BEL, BEML, Astra microwave, L&T, Rolta & Pipavav.
  • 10. Swatch Bharath • 100% deduction for contributions, other than by way of CSR contribution, to Swachh Bharat Kosh and Clean Ganga Fund. • Clean energy cess increased from `100 to `200 per metric tone of coal, etc. to finance clean environment initiatives. • Excise duty on sacks and bags of polymers of ethylene other than for industrial use increased from 12% to 15%.
  • 11. • Enabling provision to levy Swachh Bharat cess at a rate of 2% or less on all or certain services, if need arises. • Services by common affluent treatment plant exempt from Service-tax. • Concessions on custom and excise duty available to electrically operated vehicles and hybrid vehicles extended upto 31.03.2016
  • 12. Increase in basic custom duty: • Metallergical coke from 2.5 % to 5%. • Tariff rate on iron and steel and articles of iron and steel increased from 10% to 15%. • Tariff rate on commercial vehicle increased from 10 % to 40%. • Basic custom duty on digital still image video camera with certain specification reduced to nil. • Excise duty on rails for manufacture of railway or tram way track construction material exempted retrospectively from 17- 03-2012 to 02-02-2014, if not CENVAT credit of duty paid on such rails is availed
  • 13. Energy • Budget propose that 5 New Mega project is to setup • Union budget allocate 1 Lakh crore • Second Unit of Kudankulam Nuclear Power Station will be Commissioned in 2015-16 • Speeding up National Optic Fiber Project.(There is a plan to connect all the 2,50,000 Gram panchayats in the country)
  • 14. Green India • Target of renewable energy capacity revised to 175000 MW till 2022, comprising 100000 MW Solar, 60000 MW Wind, 10000 MW Biomass and 5000 MW Small Hydro. • Government is launching a scheme for Faster Adoption and Manufacturing of Electric Vehicles
  • 15. Impact • Would infuse investments of Rs1000bn. Benefits L&T and Powergrid Corporation. • Positive for optic fibre cable manufacturers in securing additional orders. Benefits Finolex Cables Ltd.
  • 16. FMCG and Retail • Increase in excise duty for cigarettes Upto 65mm- 25% increase Others - 15% increase • Footwear with leather uppers and having retail price >Rs1000 per pair reduced to 6% from 12% • IMPACT • Negative for Cigarette companies like ITC, Godfrey Phillips and VST Industries. Positive for footwear companies like Bata, Mirza International and Liberty Shoes.
  • 17. Metals & Mining Coal Steel • Clean energy cess from Rs100 to Rs200/mt Import duty on iron & steel increased to 15% from 10% • IMPACT • Negative for coal & power sector. Positive for Tata steel, JSW steel.
  • 18. You will pay more for • Cigarettes and other tobacco products • Completely built imported commercial vehicles • Cement • Flavored drinks and packaged water • Plastic bags and sacks • Business and executive class air travel • Visit to amusement and theme park Music concerts
  • 19. You will pay less for • Leather footwear priced above Rs. 1,000 per pair • Locally made mobile phones, • LED/LCD panels, LED lights and LED Lamps • Solar Water heater Pacemakers, • Ambulance and ambulance services • Computer tablets • Refrigerator compressors • packaged fruits and vegetables • Visit to museum, zoo and national park

Editor's Notes

  1. SAD/ACD component of customs duty (of 4%) is levied for counter-balancing for Sales Tax/VAT, once the importer fulfills the obligation of paying both the SAD/ACD and the Sales Tax/VAT, the taxpayer is entitled to refund of the SAD/ACD. In case the subject goods are exempted from VAT/CST, the same should have also been exempted from SAD/ACD and the taxpayer would be entitled to claim refund of SAD.
  2. It is a refined carbon product made from a special kind of coal. Using extremely high temperatures, coal can purified into coke -- which is then used in the iron and steel making processe