Luxury cars, SUVs to become costlier as cabinet approves ordinance hiking cess from 15% to 25%

After the cabinet’s nod, the government will reportedly have the authority to raise cess to 25% on vehicles with a capacity to carry up to 15 passengers.
Cess hike on SUVs
Edited by: India TV Business Desk New Delhi August 30, 2017 16:13 IST

The Union cabinet today approved an ordinance to raise cess on luxury cars and Sports Utility Vehicles (SUVs) from 15% to 25%, according to media reports.

After the cabinet’s nod, the government will reportedly have the authority to raise cess to 25%  on vehicles with a capacity to carry up to 15 passengers. 

 

The new cess will be  in addition to the taxes that apply on the sale of luxury vehicles.

More details are awaited.

Related Tags: SUV CarsLuxury Cars
 
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