Morarji Desai

Finance Minister :Morarji Desai 
Budget Year : 1959

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Morarji Desai

 

Morarji Desai holds the record for presenting the highest number of budgets – 10, of these 8 were annual ones and 2 were interim ones. He also had the honour of presenting the budgets in 1964 and 1968 on 29th February

He ended the requirement of stamping and assessment by the Excise Department authorities of goods right at the factory gate and introduced the system of self assessment by all big and small manufacturers, a system still in use. Today, except for some goods such as cigarettes and alcoholic preparations most products are on the self-removal mode for the levy of excise duty.

He did it to  reduce administrative burden on the Excise Department and curb discretionary powers with its field officers.