Vehicle prices further increased

The Finance Ministry has taken a decision to increase the import duty on vehicles which are less than 1000cc. The Finance Ministry noted that this decision has been taken to curb the increase in vehicle imports to the country during the recent past.

Accordingly the import duty on normal vehicles less than 1000cc has been increased from Rs. 1.4 million up to Rs 1.5 million while the duty on Hybrid vehicles less than 1000cc has been increased from Rs. 8.5 lakhs up to Rs 1.25 million.