Sunday, June 15, 2008

DUTY ON LUXURY CARS

The answers for some questions are unknown.That is something like we cannot say that when hiking the rate of the petrol-diesel will stop,like that.You see now the hot news is in order to increase the revenue and the rising demand of the petroleum products, the government imposed the additional tax.This is about to rupees 15,000 to 20,000.
It was released on last Friday.So that the multi utility vehicle and the sport utility vehicle will become rupees 15,000 to 20,000 costlier.It is also declared that no duty on cars that has the engine capacity upto 1500cc.
It is calculated that multi utility vehicle and the sport utility vehicle sell around 2.5lakh units annually.The government also imposed an export duty on iron at a flat rate of 15%.

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