Cess on automobiles: levy applies to finished vehicles while components are exempt and tractor value excludes mounted equipment. A cess is imposed on finished automobiles and on tractors above a specified power threshold by an ad valorem levy, while component parts and accessories ... Summary
Cess on automobiles: levy applies to finished vehicles while components are exempt and tractor value excludes mounted equipment.
A cess is imposed on finished automobiles and on tractors above a specified power threshold by an ad valorem levy, while component parts and accessories of automobiles are nil rated; for tractors the assessable value excludes the value of any mounted weight lifting or specialised material handling equipment.
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