MUMBAI – In introducing the federal budget for 2013-2014 on Feb. 28, India’s finance minister increased the excise tax on domestically produced SUVs from 27% to 30%. Nicknamed the SUV tax, it is the highest excise-tax bracket. “The tax is aimed at SUVs that occupy large road space and create congestion,” says P Chidambaram. Despite its nickname, and the finance minister’s specific reference to SUVs, the levy covers all passenger vehicles longer than 13.1 ...
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