(a) whether despite reduction in the various duties prices of tyres have
been going up in the country ;
(b) if so, the reasons therefor; and
(c) the steps taken/ proposed to be taken to curb the rise in prices of tyres ?
(a) whether despite reduction in the various duties prices of tyres have
been going up in the country ;
(b) if so, the reasons therefor; and
(c) the steps taken/ proposed to be taken to curb the rise in prices of tyres ?
THE MINISTER OF THE STATE IN THE MINISTRY OF COMMERCE AND INDUSTRY(SHRI ASHWANI KUMAR)
(a)to(c) : Tyre prices have increased primarily due to increase in input-prices and
the increased demand of tyres. Tyre prices are determined by market forces.
Though there has been no reduction in the excise duty rates in the recent past,
the Government has announced a reduction in customs duty from 12.5% to 10%
in the Budget 2007-08 to make imports of tyres cheaper and augment the supply
of tyres.