Maruti Suzuki India Ltd (MSIL) has been awarded by the Central Board of Excise and Customs under the Ministry of Finance for paying a gross excise of Rs 2,635 crore during April-January 2007-08, an increase of over 26.7 per cent compared to the corresponding period the previous fiscal. The Finance Minister, Mr P. Chidambaram, presented the award for its contribution to the national exchequer. The increase in excise payment in this fiscal is on account of higher sales by the company and a faster growth in higher value models, Maruti Suzuki said in a statement.
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