Comments on: The Import Duty On Hybrid Car? Give Me A (Tax) Break!! http://kedarsoman.wordpress.com/2008/07/07/the-import-duty-on-hybrid/ India - Where West Meets East Thu, 08 Oct 2009 21:24:15 +0000 http://wordpress.com/ hourly 1 By: Kuldeep Patil http://kedarsoman.wordpress.com/2008/07/07/the-import-duty-on-hybrid/#comment-2229 Kuldeep Patil Sat, 19 Jul 2008 10:39:09 +0000 http://kedarsoman.wordpress.com/?p=161#comment-2229 You are very right about the need of hybrid cars but wrong on loss to Government of India. Petroleum taxes are never transperent.THERE IS NO SUBSIDY ON ANYTHING.The way government calculate subsidy is differnce between (cost+taxes) and price. At $130/barrell crude,they are losing some somey as they did not increase petrol price due to election in site. When we say subsidy we should read less tax.Government of india collected Rs 2 lakh crore from petroleum taxes..Which have trippled in last 3 years. Taxes are calculated on price,so if petrol price rise by Rs 5 ,Government get Rs.3 and petroleum cos. only Rs.2. Taxes are as follows Excise(Central)+Sales(State)+Octroi(Municipal Corporation). These taxes consume more than 55-60% of the total price of petrol. Regarding foreign currency,India now has $300 Billion of forigh reserves and so in no shortage of dollars. Actually government of india does not want to lose its major source of revenue. You are very right about the need of hybrid cars but wrong on loss to Government of India.

Petroleum taxes are never transperent.THERE IS NO SUBSIDY ON ANYTHING.The way government calculate subsidy is differnce between (cost+taxes) and price.
At $130/barrell crude,they are losing some somey as they did not increase petrol price due to election in site.
When we say subsidy we should read less tax.Government of india collected Rs 2 lakh crore from petroleum taxes..Which have trippled in last 3 years.
Taxes are calculated on price,so if petrol price rise by Rs 5 ,Government get Rs.3 and petroleum cos. only Rs.2.

Taxes are as follows Excise(Central)+Sales(State)+Octroi(Municipal Corporation).

These taxes consume more than 55-60% of the total price of petrol.

Regarding foreign currency,India now has $300 Billion of forigh reserves and so in no shortage of dollars.

Actually government of india does not want to lose its major source of revenue.

]]> By: N http://kedarsoman.wordpress.com/2008/07/07/the-import-duty-on-hybrid/#comment-2204 N Mon, 07 Jul 2008 08:21:19 +0000 http://kedarsoman.wordpress.com/?p=161#comment-2204 This is just step 1- to offer the product in the market. Step 2 is to lobby and get the break, unless some Indian auto major plays spoisport, but I predict that in the next years budget, it will go off... This is just step 1- to offer the product in the market. Step 2 is to lobby and get the break, unless some Indian auto major plays spoisport, but I predict that in the next years budget, it will go off…

]]> By: SOME AUTO INFO » Post Topic » The Import Duty Hybrid Car? Give Me A (Tax) Break!! http://kedarsoman.wordpress.com/2008/07/07/the-import-duty-on-hybrid/#comment-2203 SOME AUTO INFO » Post Topic » The Import Duty Hybrid Car? Give Me A (Tax) Break!! Mon, 07 Jul 2008 04:47:53 +0000 http://kedarsoman.wordpress.com/?p=161#comment-2203 [...] Eric J. Leech wrote an interesting post today onHere’s a quick excerptIn non hybrid car, when the driver applies brakes, the energy of the car in motion is wasted. In hybrid car, this energy is converted into electrical power and used back again to accelerate the car. Honda press announcement claims that … [...] [...] Eric J. Leech wrote an interesting post today onHere’s a quick excerptIn non hybrid car, when the driver applies brakes, the energy of the car in motion is wasted. In hybrid car, this energy is converted into electrical power and used back again to accelerate the car. Honda press announcement claims that … [...]

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