Expectations from the Union Budget 2008: D&B

25 February 2008

Mumbai: Dun and Bradstreet (D&B), world's leading provider of global business information, knowledge and insight, has outlined certain expectations from the finance ministers' Budget 2008 speech, for different sectors of the Indian economy.

Key highlights of D&B's wish list are:

Passenger Vehicles: Presently, certain category of small cars enjoys a concessional excise duty at the rate of 16 per cent.

Such cars require being below 4,000 mm in length and having an engine capacity of 1,200cc in case of petrol and 1,500cc in case of diesel.

All other categories of cars and multi-utility vehicles attract excise duty of 24 per cent.

The industry expects the forthcoming Budget to bring down excise duty on the remaining categories of cars, i.e., on cars other than below 4,000 mm in length and having an engine capacity of 1,200cc in case of petrol and 1,500cc in case of diesel.