Indian passenger vehicle dealers face a potential loss of ₹2,500 crore due to the lapse of the compensation cess on September 22. Dealers holding older stock purchased at higher tax rates risk financial strain, with no clear mechanism for cess refund. Post navigation Bigger the bike, higher the tax: Those under 350cc to benefit ‘Not that high’: Donald Trump vows ‘fairly substantial’ chip tariffs soon; tech industry braces for impact
