Moneycontrol PRO
Loans
Loans

business

Remove 3% additional excise on SUVs: Praful Patel to FM

In the Union Budget 2012 Finance Minister P Chidambaram announced an additional excise duty on special utility vehicles (SUVs). Heavy Industries minister Praful Patel has now rushed to the rescue of SUV-makers and has asked the FM to do away with the additional duty. CNBC-TV18‘s Anshu Sharma reports.

first published: Mar 12, 2013 09:23 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347