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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.

Edited by: India TV Business Desk, New Delhi [ Updated: August 30, 2017 16:13 IST ]
Cess hike on SUVs
Govt approves cess hike on SUVs

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.

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