Govt may levy tax on vehicles
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01/01/1999
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Statesman (New Delhi)
The Union government is examining the possibility of levying a small tax on vehicles manufactured by the auto sector to raise funds for road development. Similarly, it is considering a proposal to impose a cess on diesel, which could be around five per cent of the fuel's basic price. Resources raised through these measures are planned to be put in a Development fund exclusively earmarked for investment in the road sector.