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28 December, 2014

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Excise Duty Concession on Auto Segment– Suspense on Extension Continues (FM–"Wait till 31st December,2014”)

As auto makers anxiously watch if reduced excise duty regime would be extended to next year, Finance Minister Arun Jaitley today said they would have to wait till December 31.

"Wait till December 31," Finance Minister Arun Jaitley said when asked if government would be extending the reduced excise duty incentive expiring on December 31.

The previous UPA government had cut excise duty on cars, SUVs and two-wheelers in the Interim Budget in February to help the industry tide over a demand slump.


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