Search Results for 'excise'

Extension of charging Excise Duties announced till December 2014

Extension of charging Excise Duties announced till December ...

This new decision of extending the period of excise duties at a reduced percentage has been applied by the Finance Minister, Arun Jaitley – till December 2014. The last figures revealed by the earlier government were as follows a [...]

Posted On : Jun, 26 2014 | Comments : 0

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

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

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

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

SIAM opposes big car imports from Europe at lower excise duties

SIAM opposes big car imports from Europe at lower excise dut...

The automobile industry body Society of Indian Automobile Manufacturers (SIAM) has lashed out at the government for discouraging manufacturing of big cars in India by increasing excise duty while preparing to allow import of the same f [...]

Posted On : Apr, 07 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

Maruti Suzuki will pass on excise duty to customers, says R C Bhargava

Maruti Suzuki will pass on excise duty to customers, says R ...

The announcement of the hike in excise duty from small cars to 12 per cent from 10 per cent was announced in the Union Budget on 16th March. Big cars will now be taxed 24 per cent instead of 22 per cent. The report of the excise duty h [...]

Posted On : Mar, 21 2012 | Comments : 0

Auto component makers unhappy over excise duty hike

Auto component makers unhappy over excise duty hike

The automobile industry had witnessed fall in sales before February due to the fuel price hikes and high interest rates and now with another round of price hikes after the excise duty hike in the recent union budget. Now it has been re [...]

Posted On : Mar, 21 2012 | Comments : 0

Car-makers smart enough to move additional excise duty to customers

Car-makers smart enough to move additional excise duty to cu...

The year 2012 will be expensive for car lovers as auto makers will pass their increased tax burden on the consumers. After Finance Minister’s decision of increasing the excise duty, companies such as Honda Siel Cars India, Mahind [...]

Posted On : Mar, 20 2012 | Comments : 0

Luxury cars will now cost more after the excise duty hike

Luxury cars will now cost more after the excise duty hike

The luxury car makers who have been bullish about growth in India might have to revise their projections now. This news follows the hike in excise and customs duties in the budget for 2012-13, luxury vehicles are set to become more exp [...]

Posted On : Mar, 19 2012 | Comments : 0

Toyota hikes prices by 2 to 4 percent across the range after excise duty hike

Toyota hikes prices by 2 to 4 percent across the range after...

Toyota which is present in India through Toyota Kirlsokar Motor has announced price hike across the board with average hike being 2 to 4 percent. Sandeep Singh, Deputy Managing Director, Sales and Marketing, Toyota Kirloskar Motor sa [...]

Posted On : Mar, 19 2012 | Comments : 0

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