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CBEC Relief For Auto Companies

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January 16: The Central Board of Excise and Customs (CBEC) has clarified on the Supreme Court judgement on excise duty in the Fiat India case. CBEC said that the judgement will apply only if the carmaker sells its products at below manufacturing cost for a prolonged time to capture market share. Bloomberg TV India’s Avantika Gode shares a detailed report on the same.