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SUV tax will compel modifying products to meet new norm: M&M
Under the current definition given by the Finance Ministry for the taxation purpose, SUVs which are above the 4-metre length, 1500cc engine along with 170mm ground clearance attract excise of 30 percent as against 27 percent earlier. #CorporateStrategy #Mahindra and Mahindra #SUV #automobiles #Excise Tax
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Auto sales: Why FM must correct excise 'anomaly' for SUVs
Utility Vehicle (UV), which was the fastest-growing vehicle category last fiscal, at 52%, is projected to grow at just 11-12% in the current fiscal thanks to excise duty hike. #NumberCrunching #Toyota #Maruti #SUV #auto sales #excise duty #Excise policy #Bolero
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CVC recommends action against 122 govt officials for alleged corruption
The Central Vigilance Commission has recommended penalty proceedings against 122 government officials, including a Commissioner of Central Board of Excise and Customs, for their alleged involvement in corruption. #NewsTracker #CVC #Central Board of Excise and Customs
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The HinduKerala Excise Department to have Crime Records Bureau
A Crime Records Bureau (CRB) for the Excise Department which was mooted in 2011 is finally becoming a reality and is expected to be commissioned in the next three weeks. The CRB proposal was mooted as part of the department’s modernisation programme. A h #Criminal Records Bureau
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Deccan HeraldState may produce IML to provide 'cheap, safe liquor'
The State government has several options before it including reviving manufacturing Indian Made Liquor (IML) through the State-run units to make the “cheap but safe liquor” a reality in case Chief Minister Siddaramaiah’s plans of providing affordable liq #Bharatiya Janata Party
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Economic TimesM&M may shrink UVs to avoid additional excise duty
MUMBAI: Mahindra & Mahindra plans to modify some of its vehicles to help them avoid a 3 per cent additional excise duty on sports utility vehicles as its sales have come under pressure. The country's top utility vehicle maker will make some of its models #Mahindra & Mahindra Limited #India