Custom duty raised, imported vehicles to become costlier in India

NEW DELHI: Most cars and bikes which are imported, or built using imported parts, in India may see a price hike soon, as finance minister Arun Jaitley has proposed a hike in custom duty on such vehicles and components. Most luxury cars and premium motorcycles in India are either assembled using Completely Knocked Down kits manufactured outside the country or imported as Completely Built Up units.

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