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The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
-
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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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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These States Have Further Reduced Petrol, Diesel Prices After Centre's Excise Duty Cut
Following the reduction of central excise duty a few states have now additionally announced a reduction of VAT (Value Added Tax) on petrol and diesel, namely Maharashtra, Kerala, and Rajasthan.
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Maharashtra Cuts VAT On Petrol, Diesel Post Centre's Excise Duty Reduction
Just a day after central government announced reduction in excise duty on petrol and diesel, Maharashtra government has gone on to reduce VAT on petrol by Rs. 2.08 and on diesel by Rs. 1.44.
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On Fuel Price Cut, Nirmala Sitharaman's Before-2014-And-After Comparison
Ms Sitharaman, in a series of tweets, explained that the excise duty component that has been slased not shareable by the state and the Centre bears the full cost.
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"I Stand Corrected": Congress's P Chidambaram On Fuel Price Cut
Fuel Prices Cut: Senior Congress leader P Chidambaram today said whether the states can afford to give up revenue from VAT on petrol and diesel unless the Centre devolves more funds or gives them more grants.
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Rajasthan Cuts State Tax On Petrol By Rs 2.48, Diesel By Rs 1.16
The Rajasthan government on Saturday reduced value-added tax (VAT) on petrol by Rs 2.48 per litre and diesel by Rs 1.16 per litre, following the reduction of excise duty by the Centre.
-
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.
-
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.
-
These States Have Further Reduced Petrol, Diesel Prices After Centre's Excise Duty Cut
Following the reduction of central excise duty a few states have now additionally announced a reduction of VAT (Value Added Tax) on petrol and diesel, namely Maharashtra, Kerala, and Rajasthan.
-
Maharashtra Cuts VAT On Petrol, Diesel Post Centre's Excise Duty Reduction
Just a day after central government announced reduction in excise duty on petrol and diesel, Maharashtra government has gone on to reduce VAT on petrol by Rs. 2.08 and on diesel by Rs. 1.44.
-
On Fuel Price Cut, Nirmala Sitharaman's Before-2014-And-After Comparison
Ms Sitharaman, in a series of tweets, explained that the excise duty component that has been slased not shareable by the state and the Centre bears the full cost.
-
"I Stand Corrected": Congress's P Chidambaram On Fuel Price Cut
Fuel Prices Cut: Senior Congress leader P Chidambaram today said whether the states can afford to give up revenue from VAT on petrol and diesel unless the Centre devolves more funds or gives them more grants.
-
Rajasthan Cuts State Tax On Petrol By Rs 2.48, Diesel By Rs 1.16
The Rajasthan government on Saturday reduced value-added tax (VAT) on petrol by Rs 2.48 per litre and diesel by Rs 1.16 per litre, following the reduction of excise duty by the Centre.
