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Budget 2018: Luxury cars, premium bikes to be costlier by upto 5%
Rediff.com

Budget 2018: Luxury cars, premium bikes to be costlier by upto 5%

The move will primarily impact luxury car companies like Mercedes Benz, BMW, Audi and Volvo and bike brands like Triumph and Harley Davidson. Imported luxury cars and top-end bikes and those locally assembled with imported components will turn expensive after the Budget hiked customs duty on completely built units (CBUs) and completely knocked down (CKD) units of automobiles.   In a push for locally manufactured auto components and tyres, customs duty on these was also hiked. The customs ... Rediff.com, 2 weeks ago
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