SEARCH

Exempt SUVs below Rs 10 lakh from tax: Minister

Our Bureau
Comment (1)   ·   print   ·  
Praful Patel
Praful Patel

Heavy Industries and Public Enterprises Minister Praful Patel has favoured vehicles priced below Rs 10 lakh being exempted from the sports utility vehicles (SUV) tax announced in the Union Budget.

“I certainly feel there is a need to look at the excise duty on SUV. To begin with, there is no classification of SUV in the Motor Vehicles Act,” he said on sidelines of the Hero Mindmine Summit here.

He supported the automobile industry, which is bleeding. This was because of slow demand and the increase in excise duty to 30 per cent from 27 per cent earlier on SUVs.

The Minister said the SUV tax has hurt vehicles like Tata Sumo and Mahindra and Mahindra’s Bolero, which are used in rural areas to transport people.

(This article was published on April 5, 2013)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.

Comments:

If there is no classification of SUV in the Motor Vehicles Act, what prevents its immediate inclusion? Tata Sumo and Mahindra and Mahindra’s Bolero are also used by lakhs if not millions of elite persons in this poor country. Most of the subsidies of all kinds were stolen / grabbed by the rich in India for over 6 decades now.

from:  Sekhar
Posted on: Apr 6, 2013 at 19:26 IST
This article is closed for comments.
Please Email the Editor

DATA BANK

Exchange Rate

Dollar Spot Forward Rate

Open-Ended Mutual Funds

MCX-SX Currency Futures

NSE Currency Futures


O
P
E
N

close

Recent Article in Companies

Rajiv Kumar, Vice-Chairman, DS Group

DS Group acquires Swedish tobacco company

Working on healthier, safer products »

Comments to: web.businessline@thehindu.co.in. Copyright © 2014, The Hindu Business Line.