Budget 2012 is a mixed bag, says CSE
Centre for Science and Environment (CSE) supports the tax hike on big cars and SUVs brought on by the Union budget 2012. Excise duty on large cars has increased marginally from 22 per cent to 24 per cent. MUVs and SUVs will attract higher duty – up to 27 per cent.
Centre for Science and Environment (CSE) supports the tax hike on big cars and SUVs brought on by the Union budget 2012. Excise duty on large cars has increased marginally from 22 per cent to 24 per cent. MUVs and SUVs will attract higher duty – up to 27 per cent. Says Anumita Roychowdhury, CSE’s executive director-research and advocacy and head of its sustainable mobility team: “This is urgently needed to discourage fuel guzzling and reduce toxic emissions.”