The cess is applied only to PVS, not professional vehicles or two -wheelers. In PVS, taxes have been levied on large cars and SUVs, 20% and 22% cess. One of the top vendors in Rajasthan told TOI, “This is a lot in the sales of India’s PV sales”. “”
The Federation of Automobile Dealers Association (FADA) has already expressed concern. FADA Chairman C.S. Vigneshwar told the TOI, “One of the areas where the most previously explanation is about the size and treatment of the cess balance in the dealers’ books is about the fact that there is no ambiguity during the transition.” FADA and dealer sources have estimated the CESS loss at Rs 5,500 crore.
Some carriers have taken pre-emptive measures. According to the sellers, Mahindra and Mahindra (M&M) informed their network that they would pay bills in the range of vessels with minimal cessed components (1%, 3%) instead of only more slabs (15%, 20%, 22%) from August 20. Delhi -based M M ND M Deler told the TIR, “This was done despite the demand for the vehicles during the festival season. In the August sales notification, the company said,” The company made a conscious decision to reduce wholesale billing to reduce the stocks operated by vendors. ”
Industry organizations like other Siam and FEDA are waiting to push the government to resolve the government. But this uncertainty has also been hit by the festival. The leading PV manufacturer’s marketing chief told the TII, “By September 22, we cannot send vehicles unless there is an explanation of compensation cess and vendors can not buy even if there is a demand for cars.”