|
|
Article: Car makers want uniform excise duty for all cars.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- December 3, 2006
CopyrightCOPYRIGHT 2006 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Car makers want uniform excise duty for all cars
New Delhi, Dec 3 (PTI) Major car makers in India like Hyundai, Honda, Toyota and General Motors have sought extension of excise duty concessions on small cars to medium and big cars, though auto leader Maruti appears to be content with the present duty structure.
Claiming that the duty structure was "not favourable and created market distortions", most of the car companies have prevailed upon the Society of Indian Automobile Manufacturers (SIAM), the apex auto industry body, to seek a uniform excise duty structure on all types of cars and mutli-utility vehicles.
"Yes, we have recommended to the ...