TABLE 4.3: PROPOSED TARIFF STRUCTURE IN AUTOMOTIVE SECTOR BY 2016-17 (%) Description* Current Rates of Customs Duty 5th Year Terminal Tariff Structure CBU CKD Localised CKD Non- Localised CBU CKD Localised & CKD Non- Localised Excise Duty Passengers Cars Capacity 800cc 50 50 32.5 35 20 0 cc 55 50 32.5 35 20 0 c 60 50 32.5 35 20 0 upto cc 60 50 32.5 35 20 20 upto cc 150 50 32.5 35 20 40 beyond cc 150 50 32.5 35 20 60 Passenger Buses (Non-CNG) 20 35 5 20 15 Motorcycles 65 16-47.5 15 35 20 Trucks
Trucks over 5 tons 30 35 10 25 15 Prime Movers (less 280 HP) 30 35 10 20 15 Prime Movers (> 280 HP) 15 35 0 20 15 Autoparts - 5 - 5 Terminal in 5 years but in 3 moves st, rd and 5th year. Source Auto Industry Development Programme, Ministry of Industries , Production & Special Initiatives and Authors recommendations. * unchanged for buses
