Excise Duty

Nitin Gadkari Says Hybrids Must Get Same Reduced GST Benefit As EVs

Edited by Ameya Naik | Thursday September 5, 2019

Prior to GST, hybrid vehicles were taxed 30.3 percent (12.5 percent excise duty, 12.5 percent value-added tax, 2 percent central sales tax and 1 percent national calamity contingent duty). Under GST, it attracts 28 percent tax and 15 percent cess like big petrol and diesel luxury cars.

No Plan To Raise Rail Fares For Now: Piyush Goyal

India News | Indo-Asian News Service | Friday July 26, 2019

There is no proposal to hike rail fare even as price of diesel has gone up as a result of increase in excise duty and cess, Railway Minister Piyush Goyal said in the Rajya Sabha on Friday.

Fuel Price Hike To Have "Very Marginal Impact" On Inflation: Finance Secretary

Business | Press Trust of India | Sunday July 7, 2019

Finance Minister Nirmala Sitharaman announced a hike in excise duty and road and infrastructure cess on both the fuels in her Budget speech

Petrol, Diesel Costlier By Up To Rs 5 Per Litre In Rajasthan

India News | Press Trust of India | Saturday July 6, 2019

Petrol and diesel have turned costlier by up to Rs 5 per litre in Rajasthan following a hike in excise duty and road cess announced by the Centre and increase in local levies by the state government.

Petrol, Diesel Rate Hiked Day After Centre Raises Excise Duty, Infra Cess

India News | Edited by Arun Nair | Saturday July 6, 2019

Petrol and diesel rates were revised across the country on Saturday, a day after Finance Minister Nirmala Sitharaman, in her 2019-20 Budget, proposed to increase excise duty and road cess of Rs 1 perlitre each on the fuel.

Budget 2019: Centre To Earn Rs 25,000 Crore From Customs, Excise Duties Hike

India News | Press Trust of India | Friday July 5, 2019

The government will earn a net Rs 25,000 crore from the increase in customs and excise duty on a host of products, including cigarettes, while the surcharge on super-rich would help garner additional income of around Rs 12,000 crore this fiscal on the direct tax side.

Union Budget 2019: Petrol, Diesel To Be Costlier Thanks To Additional Excise And Road Cess Charges

PTI | Friday July 5, 2019

The Finance Minister raised special additional excise duty and road cess on petrol and diesel by Re 1 per litre each, saying lower crude oil prices provide her with an opportunity to review taxes on the sector.

Budget 2019: What Is Cheaper, What Is Costlier

Business | NDTV Profit Team | Friday July 5, 2019

The government on Friday unveiled Budget 2019, which was presented by Union Finance Minister Nirmala Sitharaman

Beer To Be Costly, Excise Duty On Production Unit Doubled: HD Kumaraswamy

Karnataka News | Press Trust of India | Saturday February 9, 2019

Beer will cost more as will other low alcoholic beverages in Karnataka from April 1 as the state budget for fiscal 2019-20 proposed a steep increase in additional excise duty on the beverages.

Petrol Costs Rs 34 Per Litre Before Tax, Dealer Commission In Delhi

Business | Press Trust of India | Friday December 21, 2018

The government had cut the excise duty on fuel prices in October in order to tackle increasing prices of petrol and diesel.

Fuel Prices Reduced Once Again Ahead Of Festive Season

ANI | Saturday November 3, 2018

On October 4 announced a reduction of Rs 2.50 per litre on both petrol and diesel prices after curbing excise duty on the commodity by Rs 1.50 per litre and urged respective state governments to slash the same amount at their end.

Delhi Petrol Pumps To Stay Shut On October 22-23 Over Value Added Tax

Delhi News | Indo-Asian News Service | Thursday October 18, 2018

Petrol and diesel dealers in the national capital are in the grip of a crisis following the recent excise duty cuts made by the Centre and many states leading to losses here ranging 20-30 per cent, the Delhi Petrol Dealers Association (DPDA) said on Wednesday.

Diesel Prices Hiked For Tenth Consecutive Day, Petrol Rates Remain Stable

Business | Press Trust of India | Monday October 15, 2018

Fuel prices today: Diesel prices have in the last 10 days been hiked by Rs 2.51 per litre.

Government Cuts Excise Duty On Jet Fuel To 11%: 10 Points

Business | Agencies | Wednesday October 10, 2018

Excise duty applicable to aviation turbine fuel (ATF) or jet fuel has been cut, the government announced on Wednesday. The Revenue Department, under the Ministry of Finance, said in a notification that excise duty of 11 per cent will be applicable on ATF, as against the existing 14 per cent. The new rate of excise duty will take effect on October 1...

Government May Miss Fiscal Deficit Target, Excise Duty Cut Credit Negative: Moody's

Business | Thomson Reuters | Tuesday October 9, 2018

The government announced cuts in excise duty on petrol and diesel last week, to soften the impact of sharp rise in global crude oil prices on consumers. The move came a few months before elections in three key states this year followed by national elections due by May.