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Central Budget TV, Fridge prices down by Rs. 1000/- Innova (car) price down by Rs. 75,000/-
Posted on: 18/Feb/2014 4:15:40 PM
The Finance Minister, Mr. P. Chiambaram presented the budget with importance to the upcoming Parliamentary Elections pleasing the public with reduction in prices for certain items.
The prices of 10 items are reduced:
- Small cars, scooters & motorbikes Excise duty reduced to 8% from 12%. Effective reduction for 2 wheelers Rs.1,200/-).Small cars (Nano) 12,000/-. Maruti Alto Rs. 12,000/-. Maruti Swift - Rs. 18,000/- to Rs. 24,000/-. Hyundai Rs. 23,000/-.
- Excise Duty for racing cars reduced from 30% to 24%.
- Big Cars Excise Duty reduced from 27% to 24%. (Reduction for various brands from Rs. 24,000/- to Rs. 42,000/-).
- Toyota Innova reduction by Rs.75,000/-. Mercedes GL Class Rs. 2,00,000/-. Audi Q7 Rs. 3.8 Lakhs/-
- Medium Class cars Excise duty reduced from 24% to 20%.
- Commercial Vehicles Excise duty reduced from 12% to 8%.
- Consumer items (TV, Refrigerator, Air-conditioner, Computer, Digital Camera, Printer) Price reduced by Rs. 1000/-.
- Mobile phones Production Tax reduced to 6%.
- Tax on soaps reduced.
- Service Tax on rice reduced.
- Service tax on Blood Banks withdrawn.
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