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Branded petrol price cut by over Rs 5/litre

Last Updated: Thursday, July 10, 2014, 18:26

Branded petrol, which contains special performance enhancing additives, attracted higher duties than normal petrol.

Auto makers relieved as reduced excise rates extended till Dec

Last Updated: Wednesday, June 25, 2014, 20:56

Heaving a sigh of relief over the government's decision to extend reduced excise rates till December 31, auto industry Wednesday welcomed the move saying it would help the sector overcome the prolonged demand slump.

Excise duty concession on auto, consumer goods to continue: FM

Last Updated: Wednesday, June 25, 2014, 16:53

In a relief to the automobile and consumer durable sectors, the government on Wednesday extended the excise duty concession by six months to December 31.

Lower excise duty for automobiles, capital goods to continue past June 30

Last Updated: Wednesday, June 25, 2014, 15:39

The Government on Wednesday extended excise duty concession on automobiles, capital and consumer goods for six months till December 31, 2014.

Hyundai may hike prices if excise duty rises before Budget

Last Updated: Tuesday, June 24, 2014, 13:01

With uncertainty looming over excise duty structure on automobiles as reduced rates expire on June 30, Hyundai Motor India may raise vehicle prices if the cess rate is reverted back to the levels before the interim Budget in February.

Carmakers want excise duty cut to continue even after June 30

Last Updated: Sunday, June 22, 2014, 11:24

With the Budget expected only next month, the auto industry is awaiting the new government's steps on the matter.

Expert panel for slashing of excise duty on branded fuel

Last Updated: Tuesday, June 17, 2014, 17:47

With sale of branded or premium petrol and diesel falling to almost nil due to high duties, a government appointed expert panel has recommended slashing excise duty to make them at par with regular fuel.

Exporters appeal for zero excise duty for man-made fibres

Last Updated: Wednesday, June 04, 2014, 08:57

Tirupur Exporters' Association (TEA) has urged the Centre to make zero excise duty for man-made fibres and special machinery to manufacture synthetic garments.

New govt should continue with excise duty cut: GM

Last Updated: Monday, May 19, 2014, 12:41

US auto major General Motors on Monday said the new government in India should retain the excise duty cut for the sector as announced in the last budget.

Auto sector hopes Modi-led govt will bring in reforms

Last Updated: Friday, May 16, 2014, 19:45

The beleaguered Indian automobile industry on Friday pinned hopes on the new government, to be led by Narendra Modi, to push reforms such as GST and policies that boost infrastructure development on the back of a clear mandate in the polls.

Cars are more taxed than cigarettes in India: Honda Cars

Last Updated: Thursday, May 08, 2014, 18:54

Car major Honda Cars India Ltd (HCIL) Thursday said there is a "high" incidence of taxes on automobile sector, saying "cars are more taxed than cigarettes" in the country.

Indirect tax refunds at Rs 43,409 cr in Apr-Feb

Last Updated: Tuesday, March 11, 2014, 20:06

The revenue department refunded Rs 43,409 crore in customs, excise duty and service tax refunds in April-February this fiscal, which was 27.4 percent higher than that in the same period last year, the government said Tuesday.