Speaking to CNBC-TV18, R Seshasayee, executive vice-chairman of Ashok Leyland feels that it is logical to assume a rollback of concessions on excise duty. He also mentions that it is possible for CV makers to absorb the duty hike. He also talks about, if the monetary conditions are favourable then a duty hike may not impact much.
Here is an edited transcript of the interview with CNBC-TV18. Also watch the accompanying video. Q: First, on the prickly issue from the auto sector, do you expect to see an increase in excise duty? And more importantly, you expect to see any additional cess being announced in this budget on diesel?A: If driven by pure economic logic, one would expect that steps would be taken to increase revenue growth in the deficit gap and therefore a roll bank of the duty concessions. So, an increase is expected. I don
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