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How Much Cheaper Will Whiskey Be After India-UK Free Trade Deal: 10 Points
The India-UK Free Trade Agreement (FTA) will lead to a reduction in prices of scotch whiskey, but not to such an extent that it would reshape the market. The price cuts are highly dependent on the pricing mechanism of every state.
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Punjab Cabinet Okays New Excise Policy, Aims At Over Rs 10,000 Crore Collections
The Punjab cabinet gave its nod on Saturday to the excise policy for 2024-25, which is aimed at garnering revenue to the tune of more than Rs 10,000 crore from the sale of liquor.
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Telangana Excise Earned Rs 2,600 Crore Without Selling A Drop Of Alcohol
In a never-before high for Telangana, the state Excise Department managed to collect Rs 2639 crore without selling a single bottle of liquor.
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US Scraps Excise Tax Proposal on Bitcoin Mining After Biden Refuses to Slash Crypto Taxes
Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...
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Haryana Earned Nearly Rs 75 Crore As "Covid Cess" On Liquor Sales: Dushyant Chautala
Haryana's Excise Department collected nearly Rs 75 crore as ''COVID Cess'' on liquor sales during the three-month period beginning mid-May, Deputy Chief Minister Dushyant Chautala said on Thursday.
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Coronavirus Pandemic: Government To Increase Excise Duty on Petrol, Diesel To Increase By Up To Rs. 8 Per Litre
Notably, Rs. 8 per litre hike would be a great move for the government as it would increase its annual excise collection from the sector to Rs. 1,20,000 crore. The increase in petroleum products along with saving over $15-20 billion in oil import bill in the financial year 2021 will ensure enough boost to bring the economy back on the track after n...
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Telangana Earns Rs 900 Crore As Application Fee For New Liquor Shops
Telangana's Excise Department has collected Rs 968 crore as application fee for running the liquor shops across the state. The department received 48,000 application for 2,216 liquor licenses this year. Each applicant had to make a non-refundable deposit of Rs 2 lakh, which was double the fee in 2017.
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Arun Jaitley Nudges States To Cut Sales Tax On Petrol, Diesel
A large part of taxes collected on petroleum products goes to states, said the finance minister.
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Excise Duty Cut on Petrol, Diesel; It's Now Up To States To Reduce Tax, Says Centre
Finance Minister Arun Jaitley will soon write to all state chief ministers urging them to cut VAT on petrol and diesel, says Oil Minister Dharmendra Pradhan.
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'Can't Forcibly Collect Blood Samples': High Court Relief For Actor Charmme Kaur In Drug Case
The Hyderabad High Court has said excise officials cannot forcibly collect blood, nail and hair samples from actor Charmme Kaur, who is among a dozen top Telugu actors being investigated in a massive drug racket busted earlier this month.
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Tax Collection Has Gone Up After Demonetisation, Says Finance Minister Arun Jaitley: Highlights
Finance Minister cited robust tax figures to counter naysayers who said that the economy took a big hit after the notes ban. The collection in central excise duty - which related to manufacturing - surged over 31 per cent in December 2016 alone, as compared to the December 2015 figures, he said.
-
How Much Cheaper Will Whiskey Be After India-UK Free Trade Deal: 10 Points
The India-UK Free Trade Agreement (FTA) will lead to a reduction in prices of scotch whiskey, but not to such an extent that it would reshape the market. The price cuts are highly dependent on the pricing mechanism of every state.
-
Punjab Cabinet Okays New Excise Policy, Aims At Over Rs 10,000 Crore Collections
The Punjab cabinet gave its nod on Saturday to the excise policy for 2024-25, which is aimed at garnering revenue to the tune of more than Rs 10,000 crore from the sale of liquor.
-
Telangana Excise Earned Rs 2,600 Crore Without Selling A Drop Of Alcohol
In a never-before high for Telangana, the state Excise Department managed to collect Rs 2639 crore without selling a single bottle of liquor.
-
US Scraps Excise Tax Proposal on Bitcoin Mining After Biden Refuses to Slash Crypto Taxes
Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...
-
Haryana Earned Nearly Rs 75 Crore As "Covid Cess" On Liquor Sales: Dushyant Chautala
Haryana's Excise Department collected nearly Rs 75 crore as ''COVID Cess'' on liquor sales during the three-month period beginning mid-May, Deputy Chief Minister Dushyant Chautala said on Thursday.
-
Coronavirus Pandemic: Government To Increase Excise Duty on Petrol, Diesel To Increase By Up To Rs. 8 Per Litre
Notably, Rs. 8 per litre hike would be a great move for the government as it would increase its annual excise collection from the sector to Rs. 1,20,000 crore. The increase in petroleum products along with saving over $15-20 billion in oil import bill in the financial year 2021 will ensure enough boost to bring the economy back on the track after n...
-
Telangana Earns Rs 900 Crore As Application Fee For New Liquor Shops
Telangana's Excise Department has collected Rs 968 crore as application fee for running the liquor shops across the state. The department received 48,000 application for 2,216 liquor licenses this year. Each applicant had to make a non-refundable deposit of Rs 2 lakh, which was double the fee in 2017.
-
Arun Jaitley Nudges States To Cut Sales Tax On Petrol, Diesel
A large part of taxes collected on petroleum products goes to states, said the finance minister.
-
Excise Duty Cut on Petrol, Diesel; It's Now Up To States To Reduce Tax, Says Centre
Finance Minister Arun Jaitley will soon write to all state chief ministers urging them to cut VAT on petrol and diesel, says Oil Minister Dharmendra Pradhan.
-
'Can't Forcibly Collect Blood Samples': High Court Relief For Actor Charmme Kaur In Drug Case
The Hyderabad High Court has said excise officials cannot forcibly collect blood, nail and hair samples from actor Charmme Kaur, who is among a dozen top Telugu actors being investigated in a massive drug racket busted earlier this month.
-
Tax Collection Has Gone Up After Demonetisation, Says Finance Minister Arun Jaitley: Highlights
Finance Minister cited robust tax figures to counter naysayers who said that the economy took a big hit after the notes ban. The collection in central excise duty - which related to manufacturing - surged over 31 per cent in December 2016 alone, as compared to the December 2015 figures, he said.
