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    <title>Impact of Lower Excise Duty on Industry</title>
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    <description>Impact of a temporary reduction in excise duty on the automobile sector is described, with production statistics indicating that excise duty was reduced from February 2014 through December 2014 and subsequently reverted to the earlier higher level; during that reduced-duty interval most vehicle categories showed higher production and earlier negative trends were reversed, supported by comparative period data for passenger vehicles, commercial vehicles, three wheelers, two wheelers, and totals.</description>
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    <pubDate>Thu, 19 Mar 2015 18:53:13 +0530</pubDate>
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      <description>Impact of a temporary reduction in excise duty on the automobile sector is described, with production statistics indicating that excise duty was reduced from February 2014 through December 2014 and subsequently reverted to the earlier higher level; during that reduced-duty interval most vehicle categories showed higher production and earlier negative trends were reversed, supported by comparative period data for passenger vehicles, commercial vehicles, three wheelers, two wheelers, and totals.</description>
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