Excise duty cuts on consumer durables, cars end today:

Arun Kumar Singh (GST Advocate) (15188 Points)

31 December 2014  

The prices of automobiles and consumer durables will go up as the government decided not to extend the reduced excise duty rates provided to these sectors beyond Dec 31 vide notification no. 06/2014-CE dated 25.06.2014. In June, the new government extended the excise duty concessions by 6 months to December 31, which is now not being further extended.