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|26th February 2010, 13:46||#17|
Join Date: May 2004
Thanked: 4 Times
"Full exemption from Central Excise duty was provided to electric cars and vehicles that offer an eco-friendly alternative to petrol or diesel vehicles. The manufacturers of such vehicles have expressed difficulty in neutralising the duty paid on their inputs and components. I propose to remedy this by imposing a nominal duty of 4 per cent on such vehicles. I also propose to exempt some critical parts or sub-assemblies of such vehicles from basic customs duty and special additional duty subject to actual user condition. These parts would also enjoy a concessional CVD of 4 per cent."
Source: Government of India : Union Budget and Economic Survey (http://indiabudget.nic.in)
Note sure if it was an increase or a rationalisation ?
|26th February 2010, 13:58||#18|
Join Date: May 2007
Thanked: 0 Times
source budget feed at Budget 2010
MAT increase will reflect just about everywhere. Of course you can reduce on spending but for what? to spend at a later time?
I have a question
12:34Full excise cut on electric cars
does this include hybrids?
|26th February 2010, 14:15||#19|
Join Date: May 2009
Thanked: 20 Times
|26th February 2010, 20:33||#20|
Senior - BHPian
Join Date: Oct 2009
Thanked: 107 Times
hike in car prices announced by all car manufacturers- looks like those who bought to beat the budget this time really made some savings. Again the same question- when budget recommendations take effect post march, why hike now? Is there no regulation in place to ensure the right thing happens??
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