Team-BHP - 2% Excise cut announced today
Team-BHP

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-   -   2% Excise cut announced today (https://www.team-bhp.com/forum/indian-car-scene/54082-2-excise-cut-announced-today.html)

There is a news article on rediff that says govt has reduced general excise duty by a further 2% (in addition to 4% announced last december). Does it mean cars to become cheaper still ? Anybody got any further news on this?

http://www.team-bhp.com/forum/shifti...t-economy.html

Yes definitely. See this official PR from Finance Ministry:

PIB Press Release

General reduction in Excise Duty rates by 4 per cent points was made with effect from 7.12.2008. It is now being extended beyond 31 March, 2009. In addition, it has now been decided to:

• reduce the general rate of Central Excise duty from 10 per cent to 8 per cent.

• retain the rate of central excise duty on goods currently attracting ad valorem rates of 8 per cent and 4 per cent respectively;

wow. this is great news for buyers. So any manufacturers have announced cuts in prices yet?

As mentioned by ms001, thread already exists for this. Please continue the discussion there.

Thread closed.


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