| 1. |
Passenger vehicles duty structure (8702 & 8703)
Small cars : (Up to 4000 mm length and engine size of 1200 cc for petrol and 1500cc for diesel) |
24+1
16+1 |
16
|
Excise duty on all passenger vehicles including MUVs should be 16%.
Small cars should be defined only on the basis of length. Fuel and engine capacity should not be included in definition.
SIAM would like to point out that in the Auto Policy 2002, under Excise Duty (Section 9), along with small cars (Sub Section 9.1), MUVs (Sub Section 9.2) were also identified for fiscal incentives. |
| 2. |
Two & Three Wheelers and their components |
16+1 |
8 |
These are vehicles for the mobility of people who can’t afford cars and have limited access to public transport facilities. |
