Notification prescribing hike in Compensation Cess on motor vehicles w.e.f September 11
Central Govt. notifies hike in Compensation Cess on motor vehicles w.e.f. September 11; As per the said Notification, motor vehicles with both spark-ignition internal combustion reciprocating piston engine and electric motor as motors for propulsion, except ambulances, three-wheeled vehicles and motor vehicles of engine capacity < 1200 cc and length < 4m, will attract 15% Cess; Similarly, motor vehicles with both compression-ignition internal combustion piston engine [d...