Hikes in Excise Duty Of Maruti SX4 , Honda Civic And Toyota Corolla

The government, in the Union Budget, had rised excise duty on SUVs with engine capacity of over 1500cc, length of more than four metres & ground clearance of 170mm or above, from 27percent to 30 percent.

In our market, cars like the Toyota Corolla Altis & Maruti SX4 also fall under these parameters & hence, suffered the excise duty rise as well.

Now, the Central Board of Excise & Customs (CBEC) has issued a statement of clarification saying, “It is clear that the afore cited motor vehicles (Maruti SX4, Honda Civic & Toyota Corolla Altis), which are known as Sedans, will attract the excise duty of 27 percent as applicable to large segment cars.”

Posted in: Cars, Honda, Maruti., News, Random, Toyota