GIVEN THE GOVERNMENT'S push for green energy and electric vehicles, any further reduction in the rates of various cesses on petrol and diesel is unlikely for now, even as the crude prices have firmed up again necessitating hikes in retail fuel prices, according to official sources.
"There is a lot of focus on promoting green energy and electric vehicles. The current excise duty structure on petrol and diesel is now acting as an incentive for users to switch to EVs and is also helping limit consumption," noted a source, adding that retaining the current excise duty rate is part of a clearly thought-out policy.
The Union Budget 2023-24 had also announced a number of sops with the intention to popularise the adoption of electric vehicles and has listed green growth as a key focus area. These include customs duty exemption to import of capital goods and machinery required for manufacture of lithium-ion cells for batteries used in electric vehicles.
Diese Geschichte stammt aus der April 20, 2023-Ausgabe von Financial Express Mumbai.
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Diese Geschichte stammt aus der April 20, 2023-Ausgabe von Financial Express Mumbai.
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