Ministry of Heavy Industries urges FM to withdraw 3% additional excise duty on SUVs

The Ministry of Heavy Industries & Public Enterprises has requested the Ministry of Finance either to withdraw the additional 3% Excise Duty imposed on special utility vehicles (SUVs) in the current Union Budget or to exempt all such vehicles classified as SUV that have an assessable value up to Rs 10 lakh.

Praful Patel, Minister of Heavy Industries and Public Enterprises Ministry, has 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.

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