The fitment committee has recommended the inclusion of all utility vehicles, by whatever name called, of length greater than 4,000 mm, engine capacity greater than 1,500 cc and ground clearance of more than 170 mm in the 22% cess category along with SUVs, says a source.
The commerce ministry has called a meeting of exporters on Monday to take stock of the situation, as the country s outbound shipments have been contracting for the last four months, an official said. Exports declined for the fourth-consecutive month by 10.3 per cent year-on-year to USD 34.98 billion in May, while the trade deficit widened to a five-month high of USD 22.12 billion, according to the ministry data.
The commerce ministry has called a meeting of exporters on Monday to take stock of the situation, as the country s outbound shipments have been contracting for the last four months, an official said. Exports declined for the fourth-consecutive month by 10.3 per cent year-on-year to USD 34.98 billion in May, while the trade deficit widened to a five-month high of USD 22.12 billion, according to the ministry data.
The commerce ministry has called a meeting of exporters on Monday to take stock of the situation, as the country's outbound shipments have been contracting for the last four months, an official said.