<h1>India Extends Duty Concessions on Capital Goods and Automobiles Until December 31, 2014 to Stimulate Industry Growth.</h1> The Government of India has extended duty concessions on various items for six months beyond June 30, 2014, until December 31, 2014, to boost the capital goods and automobile sectors. The Union Finance Minister announced this decision, emphasizing expectations for positive industry results and consumer benefits. Previously, excise duties were reduced in February 2014 due to negative growth in the automobile industry, with reductions for small cars, motorcycles, and SUVs. Despite these cuts, auto sales remained sluggish in early 2014, prompting the extension to stimulate growth in both the automobile and capital goods sectors.