Excise Duty
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Centre's Ethanol-Blended Petrol Duty Exemptions To Avoid Double Taxation
For ethanol blends of up to 20 per cent, excise duty on the blended petrol was exempted by the Ministry of Finance. The exemption ensures that the duties already paid are not charged a second time on the blend.
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Centre Removes Excise Duty On Higher Ethanol Fuel. What It Means For You
The exemption comes as India steadily expands its biofuel programme to reduce dependence on imported crude oil and promote cleaner energy.
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Why Is Petrol So Expensive? Taxes To Margins — Here's What A Rs 2,000 Bill Entails
The government has imposed fresh export duties on diesel and aviation turbine fuel (ATF) while easing domestic excise duties on petrol and diesel. However, this may not necessarily help lower retail prices. Here's why:
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Excise Duty Cut On Petrol, Diesel May Cost India Up to 0.5% Of GDP, Say Brokerages
Across the board, analysts estimate the revenue foregone could range between Rs 1.6 lakh crore and Rs 1.8 lakh crore, or roughly 0.4-0.5% of GDP for FY27.
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How Different Crude Price Levels Will Shape India's Fate Amid Excise Duty Cut
The government has announced to slash excise duty by Rs 10 a litre on both petrol and diesel.
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US-Iran Ceasefire Talks, Stock Market Crash, Excise Duty Cut On Fuel — The Week That Was
As the month draws to a close, several high-stakes developments kept the week buzzing for the economy and domestic market.
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"People-Centric Governance": Amit Shah As Government Cuts Fuel Excise Duty
In a notification issued late on Thursday, the Union Finance Ministry slashed the excise duty on petrol to Rs 3 a litre from Rs 13 earlier. It has exempted diesel from the duty, while the levy was Rs 10 earlier.
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Late Night Meet With PM Modi: Inside Story On Excise Duty Cut On Fuel
Sources said the Prime Minister reviewed the situation and directed officials to ensure that any surge in international oil prices does not burden the common people.
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Excise Duty On Petrol Cut To Rs 3, Diesel To Zero: Will Fuel Prices Reduce?
Excise Duty On Petrol Cut To Rs 3 From Rs 13, Diesel To Zero From Rs 10
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Cigarettes, Pan Masala To Be Costlier From Feb 1 As New Excise Duty Kicks In
From February 1, the government is bringing a new tax structure for cigarettes, tobacco products and pan masala, aiming to tighten regulation and keep tax levels high on these so-called sin goods'.
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"Fly To Vietnam For Cigarettes": Viral Post Draws Criticism And Laughter
An investment adviser's viral post suggesting smokers fly to Vietnam for cheaper cigarettes has sparked debate online over health, finance, and practicality.
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India's Largest Cigarette Maker ITC Plunges 10% After Tobacco Tax Hike
Shares of ITC Ltd. plunged the most in nearly six years after a higher levy on tobacco products by the government fueled concerns about its impact on Indias largest cigarette maker.
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Cigarette, Beedi, Pan Masala To Be Costlier From Feb 1 With New Tax, Cess
The government on Wednesday notified February 1 as the date from which additional excise duty will be levied on tobacco products, and a new cess on pan masala.
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Parliament Approves Bill To Raise Excise Duty On Tobacco
The Parliament on Thursday approved the Central Excise (Amendment) Bill, 2025 with the Rajya Sabha returning it to the Lok Sabha.
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'No Additional Tax On Tobacco': FM Sitharaman Clarifies On Central Excise Amendment Bill
FM Sitharaman clarified that 41% of tax revenues collected from excise duty on tobacco and related products will be shared with the states.
-
Centre's Ethanol-Blended Petrol Duty Exemptions To Avoid Double Taxation
For ethanol blends of up to 20 per cent, excise duty on the blended petrol was exempted by the Ministry of Finance. The exemption ensures that the duties already paid are not charged a second time on the blend.
-
Centre Removes Excise Duty On Higher Ethanol Fuel. What It Means For You
The exemption comes as India steadily expands its biofuel programme to reduce dependence on imported crude oil and promote cleaner energy.
-
Why Is Petrol So Expensive? Taxes To Margins — Here's What A Rs 2,000 Bill Entails
The government has imposed fresh export duties on diesel and aviation turbine fuel (ATF) while easing domestic excise duties on petrol and diesel. However, this may not necessarily help lower retail prices. Here's why:
-
Excise Duty Cut On Petrol, Diesel May Cost India Up to 0.5% Of GDP, Say Brokerages
Across the board, analysts estimate the revenue foregone could range between Rs 1.6 lakh crore and Rs 1.8 lakh crore, or roughly 0.4-0.5% of GDP for FY27.
-
How Different Crude Price Levels Will Shape India's Fate Amid Excise Duty Cut
The government has announced to slash excise duty by Rs 10 a litre on both petrol and diesel.
-
US-Iran Ceasefire Talks, Stock Market Crash, Excise Duty Cut On Fuel — The Week That Was
As the month draws to a close, several high-stakes developments kept the week buzzing for the economy and domestic market.
-
"People-Centric Governance": Amit Shah As Government Cuts Fuel Excise Duty
In a notification issued late on Thursday, the Union Finance Ministry slashed the excise duty on petrol to Rs 3 a litre from Rs 13 earlier. It has exempted diesel from the duty, while the levy was Rs 10 earlier.
-
Late Night Meet With PM Modi: Inside Story On Excise Duty Cut On Fuel
Sources said the Prime Minister reviewed the situation and directed officials to ensure that any surge in international oil prices does not burden the common people.
-
Excise Duty On Petrol Cut To Rs 3, Diesel To Zero: Will Fuel Prices Reduce?
Excise Duty On Petrol Cut To Rs 3 From Rs 13, Diesel To Zero From Rs 10
-
Cigarettes, Pan Masala To Be Costlier From Feb 1 As New Excise Duty Kicks In
From February 1, the government is bringing a new tax structure for cigarettes, tobacco products and pan masala, aiming to tighten regulation and keep tax levels high on these so-called sin goods'.
-
"Fly To Vietnam For Cigarettes": Viral Post Draws Criticism And Laughter
An investment adviser's viral post suggesting smokers fly to Vietnam for cheaper cigarettes has sparked debate online over health, finance, and practicality.
-
India's Largest Cigarette Maker ITC Plunges 10% After Tobacco Tax Hike
Shares of ITC Ltd. plunged the most in nearly six years after a higher levy on tobacco products by the government fueled concerns about its impact on Indias largest cigarette maker.
-
Cigarette, Beedi, Pan Masala To Be Costlier From Feb 1 With New Tax, Cess
The government on Wednesday notified February 1 as the date from which additional excise duty will be levied on tobacco products, and a new cess on pan masala.
-
Parliament Approves Bill To Raise Excise Duty On Tobacco
The Parliament on Thursday approved the Central Excise (Amendment) Bill, 2025 with the Rajya Sabha returning it to the Lok Sabha.
-
'No Additional Tax On Tobacco': FM Sitharaman Clarifies On Central Excise Amendment Bill
FM Sitharaman clarified that 41% of tax revenues collected from excise duty on tobacco and related products will be shared with the states.
