CA Loan Bajaj Finserv

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Large cars currently attract excise duty depending on their engine capacity and length. While presenting the Union Budget 2012-13 in LokSabha today, the Finance Minister ShriPranab Mukherjee proposed to enhance the duty from 22 per cent to 24 per cent. In the case of cars that attract a mixed rate of duty of 22 per cent + Rs 15,000 per vehicle, he proposed to increase the duty and switch over to an ad valorem rate of 27 per cent. 



Comments



img

Trending Tags