Obtain recommendations to automobile assembling industries for excise duty exemption. |
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As per the Para (3) of the Schedule 1 of the Gazette (Extraordinary) No. 1591/10 of 04.03.2009 locally assembled vehicles using local vehicle components containing not less than 30% of domestic value addition are exempted from payment of Excise Duty on the recommendation made by the Minister - in – charge of the subject of Industries, subject to the conditions stipulated in schedule II of the Gazette notification. The Procedure followed by the Macro Policy Division of the Ministry of Industry and Commerce for recommending locally assembled vehicles
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Last Updated On: 2023-03-15 09:20:34 |
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