The new budget includes a provision that increases the Excise Duty and Road Development Tax (RDT) on two-wheelers.
As per the Yamaha representative, the company has no other options but to adopt the new duty structure. Furthermore, the final price increments are under consideration. However, the company isn’t quite certain on when the price will be updated as new prices will have adverse impact on the festival season.”
Increased Two-Wheeler Excise Duty
The government has imposed variable excise duty rates depending on the engine capacity. Moreover, the imported two-wheelers will see excise duty increment from 10% to 20%.
Furthermore, the classification table has also been revised.
|Engine CC||Revised Excise Duty|
|50cc – 125cc||40%|
|125cc – 200cc||50%|
|200cc – 250cc||60%|
|500cc – 800cc||100%|
Read the full story at techlekh.com