Mercedes, Skoda say custom duty hike on certain parts to lead to increase in vehicle prices

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Mercedes, Skoda say custom duty hike on certain parts to lead to increase in vehicle prices
PTI
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Synopsis

In the Budget 2021-22, Finance Minister Nirmala Sitharaman proposed increase in customs duty of various parts, including ignition wiring sets, safety glass and parts of signalling equipment to 15 per cent with effect from February 2.