The Excise Department has sent a notice to Noida-based Honda Cars India seeking cost data on models sold by the company, reports CNBC TV18′s Ronojoy Banerjee.
The first automaker in North India to get a notice from the Excise Department, industry sources said that other companies in the Gurgaon-Manesar belt including Maruti Suzuki is also likely to get a similar notice.
Honda Cars declined to comment on excise notice. Reuters
There is hope that the FM would issue clarifications on the matter in the Union Budget. Earlier, Tata Motors, M&M and Ashok Leyland also received similar notices.
Honda Cars declined to comment on excise notice.
Firstpost encourages open discussion and debate, but please adhere to the rules below, before posting. Comments that are found to be in violation of any one or more of the guidelines will be automatically deleted:
Personal attacks/name calling will not be tolerated. This applies to comments directed at the author, other commenters and other politicians/public figures
Please do not post comments that target a specific community, caste, nationality or religion.
While you do not have to use your real name, any commenters using any Firstpost writer's name will be deleted, and the commenter banned from participating in any future discussions.
Comments will be moderated for abusive and offensive language.