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Finance ministry re-examining additional tax proposal on diesel cars

Finance ministry re-examining additional tax proposal on die...

The latest in the many back-and-forth moves by the finance ministry is that it is re-examining the proposal to add excise duty on diesel cars irrespective of their category. If implemented, diesel cars will cost Rs 50,000-1,25,000 more [...]

Posted On : Jan, 11 2013 | Comments : 0

Oil Ministry hikes LPG rates, future of petrol and diesel prices looms in uncertainty

Oil Ministry hikes LPG rates, future of petrol and diesel pr...

The Indian owners of petrol run vehicles can have some respite as the government may soon cut the petrol price by more than a rupee. Recently, the increase in valuation of INR has shown some promise towards the cutback, while the inter [...]

Posted On : Oct, 09 2012 | Comments : 0

Finance Ministry against increasing tax on diesel cars

Finance Ministry against increasing tax on diesel cars

India's Finance Ministry, presently headed by Presidential hopeful Pranab Mukherjee, feels that implementing a hike on excise duties on diesel cars will hurt the auto industry at a time when all industrial sectors are going through [...]

Posted On : Jun, 20 2012 | Comments : 0

Hike diesel prices instead of excise duty - Heavy Industries Ministry

Hike diesel prices instead of excise duty - Heavy Industries...

The Heavy Industries Ministry has been opposing the proposed additional duty on the diesel cars, as it may affect the growth of the auto industry in India. The government is keen on taking additional measures to restrict the unhealthy [...]

Posted On : Feb, 14 2012 | Comments : 0

Finance Ministry for higher excise duty on diesel cars

Finance Ministry for higher excise duty on diesel cars

Diesel car buyers may have to shell out more with the Finance Ministry considering the imposition of higher excise duty on such vehicles in the upcoming Budget likely to be unveiled sometime in March. "We are working on the prop [...]

Posted On : Jan, 28 2012 | Comments : 0

Petroleum ministry proposes excise duty on diesel cars at union budget

Petroleum ministry proposes excise duty on diesel cars at un...

Due to petrol price hikes last year, the gap in the prices of petrol and diesel have become wide which has led to the immediate rise in sales for diesel powered vehicles. On the other hand there has also been a furore about the subsidy [...]

Posted On : Jan, 23 2012 | Comments : 0

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