Ministry of Heavy Industries & Public Enterprises Writes to the Ministry of Finance on the Issue of Additional 3% Excise Duty on SUVs
The Minister of Heavy Industries & Public Enterprises, Shri Praful Patel, has said that his Ministry has requested the Ministry of Finance either to withdraw the additional 3% Excise Duty imposed on SUVs in the current Union Budget or to exempt all such vehicles classified as SUV that have an assessable value up to Rs. Ten lakh. Giving this information in written reply to a question in the Rajya Sabha today, Shri Patel said that the auto industry in the country is going through difficult times and the notification issued by the Finance Ministry for the levy of additional 3% excise duty will further impact the industry and will also discourage the consumers as the commonly used vehicles in rural and semi-urban area have come under this additional 3% excise duty.
