Excise Duty

33,000 Cans Of Illegally Imported Beer Seized In Greater Noida

Cities | Press Trust of India | Friday July 31, 2020

The Excise Department officials on Thursday seized 33,000 cans of beer, imported illegally without the payment of Excise duty of around Rs 1.50 crore, an official said.

Gold Price Today: Gold Futures Stuck In Rs 150 Range, Near Rs 49,000/10 Grams Mark

Business | Edited by Sandeep Singh (with inputs from agencies) | Monday July 20, 2020

Gold Price Today: Gold jewellery prices vary in different parts of India due to factors such as excise duty, state taxes and making charges.

Gold Futures Soar To All-Time High Above Rs 48,950 Per 10 Grams

Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday July 1, 2020

Gold jewellery prices vary in different parts of India - the second largest consumer of the precious metal - due to factors such as excise duty, state taxes and making charges.

Government Should Stop Profiteering From Petrol, Diesel: Rahul Gandhi

India News | Press Trust of India | Tuesday June 30, 2020

The government should stop "profiteering" from petrol and diesel, and immediately roll back price hikes as well as the excise duty imposed on the fuels, Congress leader Rahul Gandhi said on Monday.

लगातार पंद्रहवें दिन बढ़े पेट्रोल, डीज़ल के दाम, टूटा रिकॉर्ड

Shams Raza Naqvi | Sunday June 21, 2020

रविवार को पेट्रोल, डीज़ल की कीमतें 35 पैसे और 60 पैसे बढ़ गई जिसकी वजह से डीज़ल की कीमत ने नया रिकॉर्ड बनाया है.

Coronavirus Lockdown: VAT Addition Leads To Significant Price Rise of Petrol, Diesel In Several States

Edited by Shubham Parashar | Thursday May 7, 2020

Many state governments have imposed value added tax (VAT) of petrol and diesel prices which leading to an exponential increase in retail rates.

Karnataka Hikes Excise Duty On Liquor By 11% Amid Lockdown Relaxation

Karnataka News | Press Trust of India | Wednesday May 6, 2020

The Karnataka government on Wednesday hiked the excise duty on liquor by 11 per cent to mop up revenues, two days after allowing its sale amid lockdown relaxations.

Excise Duty Hiked On Petrol By Rs. 10 Per Litre, Diesel By Rs. 13

Edited By Charanpreet Singh | Wednesday May 6, 2020

The Indian government on Tuesday raised the excise duty on the petrol and diesel to reap the extra revenue by not passing on gains from a slump for oil prices in the international market. According to the report from PTI, the government increased the excise duty on petrol by a record Rs. 10 per litre and Rs. 13 per litre on diesel. As per the indus...

Government Hikes Taxes On Petrol, Diesel; Says Consumers Will Be Unaffected

Business | Reuters | Wednesday May 6, 2020

Taxes and duties on petrol and diesel were increased by Rs 10/litre and Rs 13/litre respectively, but the government said in a statement that local pump prices would not be affected.

Excise Duty On Petrol Up By Rs 10/Litre, Diesel By Rs 13/Litre: 10 Things To Know

Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday May 6, 2020

The excise duty applicable to petrol and diesel has been hiked with effect from Wednesday. The increase in excise duty - which is an indirect tax levied on the production of goods - on petrol was to the tune of Rs 10 per litre, and Rs 13 per litre on diesel. In a statement late on Tuesday, the government said that prices that consumers pay at fuel ...

Excise Duty On Petrol Hiked By Rs 10 Per Litre, Diesel By Rs 13; Retail Prices Unchanged

India News | Press Trust of India | Wednesday May 6, 2020

The government on Tuesday evening hiked excise duty by a record Rs 10 per litre on petrol and Rs 13 per litre on diesel to garner Rs 1.6 lakh crore additional revenue as it repeated its time-tested formula of not passing on gains arising from a slump in international oil prices.

Coronavirus Pandemic: Government To Increase Excise Duty on Petrol, Diesel To Increase By Up To Rs. 8 Per Litre

Edited By Charanpreet Singh | Monday March 23, 2020

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...

Centre Amends Law For Excise Duty Hike On Petrol, Diesel

India News | Press Trust of India | Tuesday March 24, 2020

The government today amended the law to get enabling powers to raise excise duty on petrol and diesel by Rs 8 per litre each in future.

Excise On Petrol, Diesel To Go Up By Rs 8/Litre To Fund Covid-19 Fight

Business | Indo-Asian News Service | Monday March 23, 2020

The Finance Ministry has proposed to raise special additional excise duty on petrol to Rs 18 per litre from present Rs 10 per litre.

Government May Increase Duty On Petrol, Diesel Again To Fight Outbreak: Report

Business | Indo-Asian News Service | Thursday March 19, 2020

On Saturday, the government had raised excise duty on petrol and diesel by Rs 3 per litre that would provide it additional revenue to the turn of Rs 45,000 crore in one full year.