What's cheaper/costlier post Budget 2010
Published on Fri, Feb 26, 2010 at 12:23 Updated at Wed, Mar 10, 2010 at 11:54 | Source : CNBC-TV18
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Expense: Cars
Verdict: Costlier
Will this one temper the mood of India’s sizzling-hot auto market? Looking at the cars queued up to launch here, it doesn’t look like.
Why: Peak excise duty increased. Ad valorem component of excise duty on large cars, multi-utility vehicles is being increased by 2% points to 22%.
