Presenting the Union Budget for 2009-10, Finance Minister Pranab Mukherjee
Monday proposed reduced customs duty on life saving drugs to 5% from existing
10%. Liquid crystal display (LCD) TVs would also attract the lower 5% customs
duty, making the product cheaper.
Mukherjee, however, has imposed 5% customs duty on set-top boxes used for
Direct-To-Home television service.