'MakeinIndia' Twitter goof-up creates flutter on auto duty cut

It had posted that duties on small, large and mid-segment cars, as well as two-wheelers has been slashed in the range of 3-4%

Press Trust of India New Delhi
Last Updated : Jan 06 2015 | 7:14 PM IST
Government's 'MakeInIndia' Twitter handle today created a flutter on the micro-blogging site by erroneously stating that excise duty on cars and two-wheelers has been cut, but corrected the mistake later.

The @makeinindia, a Twitter handle managed by Ministry of Commerce and Industry, this afternoon posted that duties on small, large and mid-segment cars, as well as two-wheelers has been slashed in the range of 3-4%.

The tweet generated much interest as it came within days of over ten-month-long duty concessions ending on December 31, a move that has resulted in automobile companies raising their car prices as much as Rs 1.27 lakh a unit.

"Excise duty has been reduced for small cars & two-wheelers (12% > 8%), large cars (27% > 24%) & mid-segment cars (24% > 20%) #MakeInIndia," said the tweet.

As the news spread, the Twitter handle posted a "correction" nearly five hours later, saying, "These excise duty reductions were valid till 31 December, 2014 #MakeInIndia".

When contacted, Revenue Secretary Shaktikanta Das also told PTI that the news flash on Twitter was "false".

In the morning, the twitter handle had said that it was listing "a few incentives that will catalyse India's #automobiles manufacturing process #MakeInIndia".

This was followed by the tweet on excise duty cut.

In order to boost the auto sector, the previous UPA government had cut excise duty on cars, SUVs and two-wheelers in the interim Budget in February.

In June, the new government led by Narendra Modi extended the excise duty concession by six months to December 31. The Finance Ministry last week decided not extend it.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 06 2015 | 6:48 PM IST

Next Story