Excise Duty
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Excise Duty On Petrol, Diesel Hiked By Rs 2/Litre, No Change In Retail Prices
The government on Monday hiked excise duty on petrol and diesel by Rs 2 per litre each, according to an official order.
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Foreign Liquor To Get Cheaper As Additional Excise Duty Scrapped In Chhattisgarh
Foreign liquor in Chhattisgarh is set to get cheaper after the state government decided to scrap 'additional excise duty' of 9.5 per cent imposed on them, an official said.
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Cut Excise Duty on Fuel, Boost Consumption: Industry Body To N Sitharaman
With the Union Budget 2025-26 slated for February 1, the Confederation of Indian Industry (CII) has demanded a slew of measures from the Finance Ministry, urging that the focus should be on boosting consumption, upping the daily minimum wage.
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Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
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Kerala Budget: Alcohol Prices, Electricity Tariff To Go Up
A cash-strapped Kerala government on Monday increased court fees and excise duty on liquor and pitched for public-private funding in key areas to raise funds for the implementation of various developmental projects in the state budget.
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Why No Mention Of Fuel Tax Cut In Budget? Revenue Secretary Explains
Finance Minister Nirmala Sitharaman did not announce a cut in excise duty on petrol and diesel while presenting the interim Budget in Parliament yesterday.
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"Cheating People Of India": Ashok Gehlot Hits Out At BJP Over Excise Duty
Rajasthan Chief Minister Ashok Gehlot on Monday attacked the BJP-led Central Government over its excise duty policy, accusing it of being unfair to the states and the people of the country and saying, "They are cheating the people of the country".
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Fuel Price Cut Unlikely, Top Official Says Crude Prices Have "Softened"
There's no reason to lower excise duty on petroleum products, Revenue Secretary Sanjay Malhotra told NDTV today, explaining that it was already done twice when crude prices were at their peak.
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Kenyan Lawmakers Open Talks on Taxing Crypto, Here’s What's Known
A law is awaiting approval in Kenya, that would give crypto assets a nod of legalisation as tradeable assets. If and when the law gets approved, it would require investors to pay capital gains tax to the Kenya Revenue Authority. Kenyan banks would deduct a 20 percent excise duty on crypto transactions.
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Rs 2 Additional Excise Duty On Petrol Deferred To Nov; Diesel To Apr 2023
The government has put off by one month the levy of an additional Rs 2 per litre excise duty on petrol that is not doped with ethanol, and by six months for diesel that is not blended with bio-diesel.
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Excise Duty On Petrol Was Rs 9.48/Litre, Diesel Rs 3.56 In 2014: Minister
Excise duty on petrol was Rs 9.48 per litre and Rs 3.56 on diesel when BJP came to power in 2014 before it rose to a record Rs 32.98 and Rs 31.83, respectively, in May 2020, Parliament was informed on Monday.
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Congress Protests Against AAP Government In Delhi Over Excise Policy
The Delhi Congress on Monday said it staged a protest outside Deputy Chief Minister Manish Sisodia's residence, demanding his resignation over alleged violation of rules and procedural lapses in the city government's excise policy.
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Centre Exempts Excise Duty On Jet Fuel Purchases By Indian Airlines For Overseas Flights
The Finance Ministry has exempted domestic airlines running international flights from 11 per cent basic excise duty on ATF or jet fuel bought from oil marketing companies.
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Windfall Tax On Oil Firms To Compensate Most Losses From Excise Cut On Fuel
The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of the revenue that the government lost when it cut excise duty on petrol and diesel to cool soaring inflation, industry sources said.
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No Further Fuel Excise Duty Cut To Help Government Meet Fiscal Deficit Target: Report
Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices
-
Excise Duty On Petrol, Diesel Hiked By Rs 2/Litre, No Change In Retail Prices
The government on Monday hiked excise duty on petrol and diesel by Rs 2 per litre each, according to an official order.
-
Foreign Liquor To Get Cheaper As Additional Excise Duty Scrapped In Chhattisgarh
Foreign liquor in Chhattisgarh is set to get cheaper after the state government decided to scrap 'additional excise duty' of 9.5 per cent imposed on them, an official said.
-
Cut Excise Duty on Fuel, Boost Consumption: Industry Body To N Sitharaman
With the Union Budget 2025-26 slated for February 1, the Confederation of Indian Industry (CII) has demanded a slew of measures from the Finance Ministry, urging that the focus should be on boosting consumption, upping the daily minimum wage.
-
Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
-
Kerala Budget: Alcohol Prices, Electricity Tariff To Go Up
A cash-strapped Kerala government on Monday increased court fees and excise duty on liquor and pitched for public-private funding in key areas to raise funds for the implementation of various developmental projects in the state budget.
-
Why No Mention Of Fuel Tax Cut In Budget? Revenue Secretary Explains
Finance Minister Nirmala Sitharaman did not announce a cut in excise duty on petrol and diesel while presenting the interim Budget in Parliament yesterday.
-
"Cheating People Of India": Ashok Gehlot Hits Out At BJP Over Excise Duty
Rajasthan Chief Minister Ashok Gehlot on Monday attacked the BJP-led Central Government over its excise duty policy, accusing it of being unfair to the states and the people of the country and saying, "They are cheating the people of the country".
-
Fuel Price Cut Unlikely, Top Official Says Crude Prices Have "Softened"
There's no reason to lower excise duty on petroleum products, Revenue Secretary Sanjay Malhotra told NDTV today, explaining that it was already done twice when crude prices were at their peak.
-
Kenyan Lawmakers Open Talks on Taxing Crypto, Here’s What's Known
A law is awaiting approval in Kenya, that would give crypto assets a nod of legalisation as tradeable assets. If and when the law gets approved, it would require investors to pay capital gains tax to the Kenya Revenue Authority. Kenyan banks would deduct a 20 percent excise duty on crypto transactions.
-
Rs 2 Additional Excise Duty On Petrol Deferred To Nov; Diesel To Apr 2023
The government has put off by one month the levy of an additional Rs 2 per litre excise duty on petrol that is not doped with ethanol, and by six months for diesel that is not blended with bio-diesel.
-
Excise Duty On Petrol Was Rs 9.48/Litre, Diesel Rs 3.56 In 2014: Minister
Excise duty on petrol was Rs 9.48 per litre and Rs 3.56 on diesel when BJP came to power in 2014 before it rose to a record Rs 32.98 and Rs 31.83, respectively, in May 2020, Parliament was informed on Monday.
-
Congress Protests Against AAP Government In Delhi Over Excise Policy
The Delhi Congress on Monday said it staged a protest outside Deputy Chief Minister Manish Sisodia's residence, demanding his resignation over alleged violation of rules and procedural lapses in the city government's excise policy.
-
Centre Exempts Excise Duty On Jet Fuel Purchases By Indian Airlines For Overseas Flights
The Finance Ministry has exempted domestic airlines running international flights from 11 per cent basic excise duty on ATF or jet fuel bought from oil marketing companies.
-
Windfall Tax On Oil Firms To Compensate Most Losses From Excise Cut On Fuel
The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of the revenue that the government lost when it cut excise duty on petrol and diesel to cool soaring inflation, industry sources said.
-
No Further Fuel Excise Duty Cut To Help Government Meet Fiscal Deficit Target: Report
Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices
