CARS, bikes and consumer good are e

CARS, bikes and consumer good are expected to get more expensive in India as the government has planned to withdraw the tax breaks in the New Year, reports say.

Finance Ministry officials told local media they would not renew excise duty concessions, which end on 31 December.

For a luxury car worth Rupees (5 million, $80,000 ) the tax rise will add roughly 200,000 rupees to the cost.

Analysts say the cash-strapped government is trying to boost its finances through taxation.

Kết quả (Anh) 1:

CARS, bikes and consumer good are expected to get more expensive in India as the government has planned to withdraw the tax breaks in the New Year, reports say.Finance Ministry officials told local media they would not renew the excise duty concessions, which end on 31 December.For a luxury car worth Rupees (5 million, $ 80.000) the tax rise will add roughly 200.000 rupees to the cost.Analysts say the cash-strapped government is trying to boost its finances through taxation.