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Luxury items to cost more

india Updated: Mar 17, 2012 00:34 IST
HT Correspondent
HT Correspondent
Hindustan Times
Highlight Story

Hike in basic customs duty and excise duty is likely to make several luxury items, from premium segment cars to cosmetics, costlier.


An increase in basic customs duty from 60% to 75% on completely built units (CBUs) of large cars, multi-utility vehicles (MUVs) and sports utility vehicles (SUVs) permitted for import to make premium segment cars costlier.

Similarly increase in basic customs duty from 2% to 4% on gold, platinum and increase in excise duty on gold jewellery will make gold and platinum jewellery expensive.