The government has reversed its controversial move to increase the excise tax rate on certain multi-purpose vehicles.

According to the Excise Duties (Amendment) Order 2017, published in the national gazette, the excise tax rate for multipurpose vehicles (MPVs) with a cylinder capacity above 1,000cc but under 1,500cc would be reverted to 60 percent.

The order was signed by Finance Minister II Abdul Johari Ghani on April 12 and it took effect yesterday...