Diesel cars are unlikely to attract any additional taxes before the Budget next year. Government officials believe such a decision will be independent of the proposed diesel price hike of Rs 4-5 per litre. “The file with the detailed proposal from the Petroleum Ministry, along with observations of the Finance Ministry, auto industry and others, are with the Finance Minister, P. Chidambaram. Now he has to take a call on the sensitive issue,” a senior Government official told Business Line. Interestingly, the nodal Ministry for the auto industry — the Ministry for Heavy Industries — seems to be falling in line with the Petroleum Ministry.
Monday, September 10, 2012
Hike in tax on diesel cars unlikely before Budget
Diesel cars are unlikely to attract any additional taxes before the Budget next year. Government officials believe such a decision will be independent of the proposed diesel price hike of Rs 4-5 per litre. “The file with the detailed proposal from the Petroleum Ministry, along with observations of the Finance Ministry, auto industry and others, are with the Finance Minister, P. Chidambaram. Now he has to take a call on the sensitive issue,” a senior Government official told Business Line. Interestingly, the nodal Ministry for the auto industry — the Ministry for Heavy Industries — seems to be falling in line with the Petroleum Ministry.
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