Excise duty reduced on LPG and CNG driven motor vehicles.

By Vijay Kumar

In this year’s budget, by Notification No. 6/2006-Central Excise, dated the 1st March, 2006, excise duty was reduced to 16% from 24% for Petrol driven vehicles of engine capacity not exceeding 1200cc and vehicle’s length not exceeding 4000 mm. Now the exemption is extended to Liquefied Petroleum Gases (LPG) or Compressed Natural Gas (CNG) driven vehicles also

NOTIFICATION NO. 32/2006-Central Excise, Dated: May 25, 2006