Search Results for 'Duty'

Interim Budget announced! Cars to get cheaper by 4%, excise duty slashed!

Interim Budget announced! Cars to get cheaper by 4%, excise ...

Finance Minister P Chidambaram, has announced the interim budget and it is also a relief for carmakers and many car buyers. This is because of the slashed excise duties on passenger vehicles. The Finance Minister announced that the exc [...]

Posted On : Feb, 17 2014 | Comments : 0

SIAM to request roll-back on SUV excise duty hike

SIAM to request roll-back on SUV excise duty hike

The 2013-14 Budget has not affected the prices of the small cars and sedans. However, excise duty on the SUVs has been hiked by 3 per cent, along with additional customs on CBUs. The additional tax on SUVs will affect utility car maker [...]

Posted On : Mar, 02 2013 | Comments : 0

Sri Lanka Refuses to Bring Down Import Duty Tariff

Sri Lanka Refuses to Bring Down Import Duty Tariff

Sri Lanka’s Deputy Minister of Finance and Planning has stated that the reason for the increase in tariff is not to slow down Indian imports to the country, but rather because Sri Lanka is facing a balance of payment problem. Acc [...]

Posted On : Dec, 22 2012 | Comments : 0

Supreme Court Excise Duty Ruling Results in Trouble for Automakers

Supreme Court Excise Duty Ruling Results in Trouble for Auto...

A recent judgment by the Supreme Court has given the struggling auto makers something more to worry about. This judgment allows the excise department to collect tax on any goods at their ‘normal price’, even if they are sol [...]

Posted On : Oct, 22 2012 | Comments : 0

Daimler starts production of BharatBenz Light duty trucks

Daimler starts production of BharatBenz Light duty trucks

Daimler India Commercial Vehicles Pvt. Ltd. (DICV), the 100 percent Indian subsidiary of the world’s No. 1 truck manufacturer Daimler AG, today announced the start of production of its 9 tonne Rigid, 12 tonne Rigid & 12 tonne Con [...]

Posted On : Oct, 04 2012 | Comments : 0

BharatBenz announces booking and delivery for its heavy duty trucks

BharatBenz announces booking and delivery for its heavy duty...

Daimler India Commercial Vehicles Pvt. Ltd. (DICV), the 100 percent Indian subsidiary of the world’s No. 1 truck manufacturer Daimler AG, today launched its first set of trucks under the BharatBenz brand in Mumbai in the presence of [...]

Posted On : Sep, 27 2012 | Comments : 0

Apex court slaps Fiat India with Rs. 400 crore outstanding excise duty

Apex court slaps Fiat India with Rs. 400 crore outstanding e...

  The Supreme Court of India on Wednesday ordered the Indian unit of the leading Italian car maker Fiat to pay close to Rs 400 crore as excise duty. With this order, the Supreme Court has set aside a tribunal order and upheld th [...]

Posted On : Sep, 03 2012 | Comments : 0

Government examines proposals to hike duty on diesel run cars

Government examines proposals to hike duty on diesel run car...

The government of India is examining the proposal of hiking the excise duty on the diesel run cars. While answering a query through a written reply, Minister of State Finance, S S Palanimanickam confirmed the same. He said, "Repre [...]

Posted On : Aug, 21 2012 | Comments : 0

Jack Daniels and Harley-Davidson, two iconic brands brought together by Delhi Duty Free Services

Jack Daniels and Harley-Davidson, two iconic brands brought ...

Delhi Duty Free Services Private Limited (DDFS), the largest duty free retail operator of India, has launched yet another attractive campaign to pull the masses. The new promotion marks the celebration of legendary Jack Daniel's bi [...]

Posted On : Aug, 09 2012 | Comments : 0

India in talks with EU to slash duty to 10% from 60% on cars imported from Europe

India in talks with EU to slash duty to 10% from 60% on cars...

If the current talks between India and the European Union (EU) goes through successfully, German luxury cars such as Porsche and BMW could be offered on sale in the county at prices only marginally higher than in Europe. The Government [...]

Posted On : Jul, 30 2012 | Comments : 0

Mercedes-Benz favours diesel price hike over excise duty hike

Mercedes-Benz favours diesel price hike over excise duty hik...

A high ranking official of the Indian subsidiary of Mercedes-Benz, the Germany based leading luxury automaker has expressed his concern over the impending hike in excise duty as the slump growth rate of the Indian auto market backed up [...]

Posted On : Jun, 20 2012 | Comments : 0

Ford India reconsiders investment plans in India due to excise duty hike

Ford India reconsiders investment plans in India due to exci...

  Ford India hinted that it may cast a shade on its future investments planned for the country if the government decides to hike the tax on the diesel vehicles. An investment worth USD 1 billion in its manufacturing plan at Sanand [...]

Posted On : Jun, 11 2012 | Comments : 0

Japan's customs duty removal can help small scale industries

Japan's customs duty removal can help small scale industries

The Japanese auto companies have ubiquitous presence in the Indian auto market and most of the OEMs and auto ancillary companies from Japan have been doing business in India for some time now. But the reverse has not happened despite I [...]

Posted On : May, 09 2012 | Comments : 0

TVS hikes prices after the excise duty hike

TVS hikes prices after the excise duty hike

After the recent announcement of excise duty hike in the Union Budget, most fo the auto majors have announced price hike on their product range and now one of the major two-wheeler and three-wheeler maker TVS Motor Company has reported [...]

Posted On : Mar, 31 2012 | Comments : 0

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