Excise Duty On Cars
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Union Budget 2022: Additonal Excise Duty Of Rs. 2 Proposed On Unblended Fuel
In a bid to promote the usage of blended fuel, Finance Minister Nirmala Sitharaman has intoduced an additional excise duty of Rs. 2 on Unblended Fuel from October 2022.
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Petrol, Diesel Prices Fall Further After BJP-Ruled States Lower Fuel Taxes
The central government's decision to cut excise duty by reducing local sales tax (VAT) rates was matched by 22 states and Union Territories reducing VAT rates in different proportions.
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Petrol And Diesel Prices Increased By 35 Paise; Rates Clock New High In Delhi
The perpetual hike in fuel prices is primarily attributed to the soaring rates of Brent crude oil. On Monday, Brent crude oil prices for April delivery reached $60 per barrel which is the highest in a year.
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Indonesia Proposes To Tax Polluting Cars
Indonesia's finance minister proposed on Wednesday new duties on sweetened drinks, vehicles that emit carbon dioxide and plastic bags, to control consumption of the products in Southeast Asia's largest economy.
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Petrol And Diesel Prices Hiked Yet Again
The surge in fuel prices is largely due to rise in the cost of crude oil and high excise duty levied on transportation fuel in the country.
-
Mahindra Q1 Net Jumps 67 Per Cent On Robust Sales
Anand Mahindra, Chairman, Mahindra Group, announced the company posted a revenue growth of 23 per cent for the first quarter of FY19 with total revenue not including excise duty going up to Rs. 13,551 crore during April-June 2018.
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GST Cess Hike On Luxury Cars Approved By Cabinet; SUVs To Get Pricier
Prices of most SUVs were cut between Rs 1.1 lakh and Rs 3 lakh following the implementation of GST, which subsumed over a dozen central and state levies like excise duty, service tax, and VAT from July 1.
-
Mercedes: Bring Down High Taxation for Make In India Campaign to Work
The government needs to bring down the 'unreasonable' high taxation on the auto sector for 'Make in India' campaign to be successful, according to German luxury carmaker Mercedes-Benz.
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Maruti Counting on Lower Fuel Prices to Offset Price Hike
Gearing up to enter new segments this year, an upbeat Maruti Suzuki India says that the price hikes following the withdrawal of excise duty sops will not affect auto sales. The India's largest car maker is banking on factors like lower fuel prices and the likely softening of interest rates to offset the impact of increase in vehicle prices.
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'MakeinIndia' Twitter Goof-up Creates Flutter on Auto Duty Cut
The government's 'MakeInIndia' Twitter handle today created a flutter on the micro-blogging site by erroneously stating that excise duty on cars and two-wheelers has been cut, but corrected the mistake later.
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Future of Auto Excise Duty to Remain Undecided till December 31
As auto makers anxiously watch if reduced excise duty regime would be extended to next year, Finance Minister Arun Jaitley today said they would have to wait till December 31.
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Auto Industry Pitches For Continuation of Excise Duty Relief
Car makers have asked the government to extend excise duty relief, which is ending on December 31, saying removal of this incentive could push the industry into a negative territory.
-
Govt Considering Extension of Excise Duty Benefits Beyond December
The government is looking at the proposal for extending excise duty concessions to the automobile sector beyond December, a move that would provide further relief to automakers.
-
2014 Union Budget: What it Holds for Indian Automobile Industry
The much anticipated general budget of the newly-elected government is finally out, which has tried addressing several issues including a few demands of the Indian auto industry.
-
2014 Union Budget: What the Indian Auto Industry Expects
The Indian automobile industry has experienced a year-on-year decline in sales for two consecutive financial years now. The market has been difficult, and the industry hopes the new union budget will bring some relief.
-
Union Budget 2022: Additonal Excise Duty Of Rs. 2 Proposed On Unblended Fuel
In a bid to promote the usage of blended fuel, Finance Minister Nirmala Sitharaman has intoduced an additional excise duty of Rs. 2 on Unblended Fuel from October 2022.
-
Petrol, Diesel Prices Fall Further After BJP-Ruled States Lower Fuel Taxes
The central government's decision to cut excise duty by reducing local sales tax (VAT) rates was matched by 22 states and Union Territories reducing VAT rates in different proportions.
-
Petrol And Diesel Prices Increased By 35 Paise; Rates Clock New High In Delhi
The perpetual hike in fuel prices is primarily attributed to the soaring rates of Brent crude oil. On Monday, Brent crude oil prices for April delivery reached $60 per barrel which is the highest in a year.
-
Indonesia Proposes To Tax Polluting Cars
Indonesia's finance minister proposed on Wednesday new duties on sweetened drinks, vehicles that emit carbon dioxide and plastic bags, to control consumption of the products in Southeast Asia's largest economy.
-
Petrol And Diesel Prices Hiked Yet Again
The surge in fuel prices is largely due to rise in the cost of crude oil and high excise duty levied on transportation fuel in the country.
-
Mahindra Q1 Net Jumps 67 Per Cent On Robust Sales
Anand Mahindra, Chairman, Mahindra Group, announced the company posted a revenue growth of 23 per cent for the first quarter of FY19 with total revenue not including excise duty going up to Rs. 13,551 crore during April-June 2018.
-
GST Cess Hike On Luxury Cars Approved By Cabinet; SUVs To Get Pricier
Prices of most SUVs were cut between Rs 1.1 lakh and Rs 3 lakh following the implementation of GST, which subsumed over a dozen central and state levies like excise duty, service tax, and VAT from July 1.
-
Mercedes: Bring Down High Taxation for Make In India Campaign to Work
The government needs to bring down the 'unreasonable' high taxation on the auto sector for 'Make in India' campaign to be successful, according to German luxury carmaker Mercedes-Benz.
-
Maruti Counting on Lower Fuel Prices to Offset Price Hike
Gearing up to enter new segments this year, an upbeat Maruti Suzuki India says that the price hikes following the withdrawal of excise duty sops will not affect auto sales. The India's largest car maker is banking on factors like lower fuel prices and the likely softening of interest rates to offset the impact of increase in vehicle prices.
-
'MakeinIndia' Twitter Goof-up Creates Flutter on Auto Duty Cut
The government's 'MakeInIndia' Twitter handle today created a flutter on the micro-blogging site by erroneously stating that excise duty on cars and two-wheelers has been cut, but corrected the mistake later.
-
Future of Auto Excise Duty to Remain Undecided till December 31
As auto makers anxiously watch if reduced excise duty regime would be extended to next year, Finance Minister Arun Jaitley today said they would have to wait till December 31.
-
Auto Industry Pitches For Continuation of Excise Duty Relief
Car makers have asked the government to extend excise duty relief, which is ending on December 31, saying removal of this incentive could push the industry into a negative territory.
-
Govt Considering Extension of Excise Duty Benefits Beyond December
The government is looking at the proposal for extending excise duty concessions to the automobile sector beyond December, a move that would provide further relief to automakers.
-
2014 Union Budget: What it Holds for Indian Automobile Industry
The much anticipated general budget of the newly-elected government is finally out, which has tried addressing several issues including a few demands of the Indian auto industry.
-
2014 Union Budget: What the Indian Auto Industry Expects
The Indian automobile industry has experienced a year-on-year decline in sales for two consecutive financial years now. The market has been difficult, and the industry hopes the new union budget will bring some relief.
