Maruti SX4, Honda Civic, Toyota Altis exempted from 30% excise duty - Indian Express

Express News Service & PTI : New Delhi, Thu Jul 25 2013, 08:59 hrs The Central Board of Excise and Customs (CBEC) today said that manufacturers of sedan cars, including Maruti SX4, Honda Civic and Toyota Corolla Altis, will not have to pay excise duty at the higher rate of 30 per cent levied on SUVs. This clarification will bring huge relief to the car manufacturers struggling with the contracting auto sales for the last few months. The clarification was called given the confusion arising after the budget announcement 2013-14 which said that vehicles with engine capacity of over 1,500 cc, length exceeding 4,000 mm and ground clearance above 170 mm will have to pay tax at 30 per cent while large segment cars will continue to pay excise at 27 per cent. The confusion arose as sedan cars such as Maruti SX4 met all the three criteria but were not sports utility vehicles. GM recalls 1.14 lakh Tavera vehicles New Delhi: In one of the largest vehicle recalls in India, General Motors India today said it is recalling 1.14 lakh units of its multi-purpose vehicle Chevrolet Tavera, manufactured between 2005 and 2013, to address emissions and specification issues. The company said it has informed the Indian government authorities of an emissions issue involving the Tavera BSIII and an issue with the Tavera BSIV meeting certain specifications, the company said in a statement. ALSO READ General Motors recalls 1.14 lakh units of Chevrolet Tavera in India Ford, Toyota end collaboration on hybrid trucks Now, amphibious car that doubles as boat Hybrids, electric vehicles in Tata Motors' plans till 2020 Please read our terms of use before posting comments TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s). via Technology - Google News http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFYIGR86v7mgmZnG2KxEhKKXuYvVQ&url=http://www.indianexpress.com/news/maruti-sx4-honda-civic-toyota-altis-exempted-from-30--excise-duty/1146343/

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