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Customs duty hike on car parts may put brakes on luxury car sales

Customs duty on certain car parts, such as engines, transmission and brakes have been doubled to 15% from 7.5%, a move that will increase luxury car prices from April

3 min read14 Mar 2018

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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