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Excise Duty

Jharkhand: Revenue From Liquor Excise Less Than Target Claims BJP

BJP chief whip Biranchi Narayan pointed out that total excise revenue collection till March 14 was Rs 1,810 crore against a target of Rs 2,500 crore for the financial year 2022-23

17 March 2023

GST

Cut Excise Duty On CNG Till Gas Is Included In GST: Kirit Parikh Panel

Natural gas is currently outside the ambit of GST, and existing legacy taxes — central excise duty, state VAT and central sales tax — continue to be applicable on the fuel

06 December 2022

Additional Excise Duty Of Rs 2/Litre On Petrol Put Off By One Month; Diesel By Six Months

The finance ministry, in a Gazette notification issued late on Friday (September 30), stated that the additional excise tax will now be levied from November 1, 2022

01 October 2022

Budget 2023-24: 16% Duty Hike On Cigarettes Likely To Increase Price By 7-12 Paise Per Stick

The duty hike on cigarettes by 16 per cent announced in the Union Budget 2023-24 would have a nominal impact of around 7-12 paise per stick across cigarette categories, according to experts

02 February 2023

Karnataka High Court

Both GST And Excise Duty Can Be Imposed On Tobacco: Karnataka HC

The Joint Commissioner on March 25, 2021 issued an order imposing excise duty and National Calamity Contingent Duty (NCCD) on tobacco products manufactured and sold in the Belagavi jurisdiction.

05 October 2022

Centre Exempts Excise Duty On ATF Purchases By Indian Carriers For Overseas Flights

In a notification dated July 7, the finance ministry said the exemption from both basic excise duty and special additional excise duty would be applicable retrospectively from July 1

08 July 2022

Union Budget 2023-24

Budget 2023-24: FICCI Asks Government To Scrap Windfall Tax 

The new tax, which was also slapped on the export of petrol, diesel and ATF, is calibrated every fortnight in step with international oil prices

24 January 2023

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RBI Guv Bats For Cut In State Taxes On Petrol, Diesel

The central government had on May 21 cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 to give relief to consumers battered by high fuel prices that have also pushed inflation to an all-time high

08 June 2022

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23 May 2022
Amidst Excise Duty Cut, Reduction In State Tax On Petrol, Oil Cost Hiked Its Base Price: Kerala Finance Minister

Amidst Excise Duty Cut, Reduction In State Tax On Petrol, Oil Cost Hiked Its Base Price: Kerala Finance Minister

The contention was denied by Balagopal who claimed that the reduction was a conscious decision and not a proportionate decrease. He had also said that the...


22 May 2022
FM Rebuts Opposition Flak On Excise Duty Cuts, Says Move Does Not Impact State Sharing Of Taxes

FM Rebuts Opposition Flak On Excise Duty Cuts, Says Move Does Not Impact State Sharing Of Taxes

Sitharaman said she is sharing some useful facts on levies on petrol and diesel for the benefit of all.


22 May 2022
Excise Duty Cuts Not Enough, Bring It Further Down To UPA Level, Opposition Tells Centre

Excise Duty Cuts Not Enough, Bring It Further Down To UPA Level, Opposition Tells Centre

The Centre on Saturday reduced excise duty of Rs 8 per litre on petrol and Rs 6 on diesel, lowering petrol prices by Rs 9.5 per litre and diesel by Rs 7.


22 May 2022
Keep Up Poll Promise, Effect Cut On Rates Of Petroleum Products, Panneerselvam Tells DMK

Keep Up Poll Promise, Effect Cut On Rates Of Petroleum Products, Panneerselvam Tells DMK

The prices of some of the vegetables in the state including tomato were above Rs 100 a kilo, said AIADMK Coordinator O Panneerselvam.


22 May 2022
MP: After Central Excise Duty Cut, Petrol Price In Bhopal Comes Down To Rs 108.63 Per Litre, Diesel To Rs 93.88

MP: After Central Excise Duty Cut, Petrol Price In Bhopal Comes Down To Rs 108.63 Per Litre, Diesel To Rs 93.88

There is a variation of up to Rs 3 in the rates in different parts of the state, depending on the transportation cost of fuel, said an official.


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22 May 2022
UP, Other States Should Slash VAT On Petrol, Diesel: Mayawati

UP, Other States Should Slash VAT On Petrol, Diesel: Mayawati

Petrol price on Sunday was slashed by Rs 8.69 a litre and that of diesel by Rs 7.05 per litre following the government's decision to cut excise duty on auto...


22 May 2022
Can Excise Duty Cut On Petrol And Diesel Save India From Stagflation?

Can Excise Duty Cut On Petrol And Diesel Save India From Stagflation?

Finance Minister Nirmala Sitharaman announced a host of measures that are expected to provide a safety net to India’s poor, reeling under the pressure of...


22 May 2022
Excise Duty Cut: Petrol Price Slashed By Rs 8.69/Ltr, Diesel By Rs 7.05/Ltr

Excise Duty Cut: Petrol Price Slashed By Rs 8.69/Ltr, Diesel By Rs 7.05/Ltr

The government on Saturday announced a record Rs 8 per litre cut in excise duty on petrol and Rs 6 per litre reduction on diesel


22 May 2022
Former Pakistan PM Imran Khan Praises India's Fuel Price Cuts, Hails Independent Indian Foreign Policy

Former Pakistan PM Imran Khan Praises India's Fuel Price Cuts, Hails Independent Indian Foreign Policy

Imran Khan earlier praised Indian foreign policy when New Delhi went ahead with Russian oil purchases despite Western pressure to not do so.


22 May 2022
Modi Government Gave Relief To People By Reducing Excise Duty On Petrol, Diesel: Amit Shah

Modi Government Gave Relief To People By Reducing Excise Duty On Petrol, Diesel: Amit Shah

Union Home Minister Amit Shah welcomed the decision to reduce excise duty on petrol and diesel and said that Modi government has given a huge relief to the...


21 May 2022
Excise Duty On Fuel Reduced: Goa CM Hails Union Government

Excise Duty On Fuel Reduced: Goa CM Hails Union Government

The Narendra Modi government cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre, while it also decided to give Rs 200...


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21 May 2022
Centre Cuts Excise Duty On Petrol, Diesel, Announces Rs 200 Subsidy For Ujjwala Cylinders

Centre Cuts Excise Duty On Petrol, Diesel, Announces Rs 200 Subsidy For Ujjwala Cylinders

Union Finance Minister Nirmala Sitharaman also announced measures aimed at reducing prices of plastic products, iron, steel, and cement.


21 May 2022
Centre Cuts Excise Duty On Petrol By Rs 8 Per Litre, On Diesel By Rs 6 Per Litre

Centre Cuts Excise Duty On Petrol By Rs 8 Per Litre, On Diesel By Rs 6 Per Litre

With this, petrol will be cheaper by Rs 9.5, whereas diesel will be cheaper by Rs 7. 


28 April 2022
Congress Attacks PM Modi For High Excise Duty, Demands Roll Back

Congress Attacks PM Modi For High Excise Duty, Demands Roll Back

Congress hit back at PM Modi over his attack on the opposition-ruled states for not reducing VAT on petrol and diesel, saying the excise duty during UPA...


27 April 2022
Centre Owes Rs 26,500 Crore To Maha: CM Uddhav Thackeray After Interaction With PM Modi

Centre Owes Rs 26,500 Crore To Maha: CM Uddhav Thackeray After Interaction With PM Modi

CM Thackeray also accused the Centre of giving a step-motherly treatment to Maharashtra.


27 April 2022
Fuel Prices | Some States Did Injustice By Not Reducing VAT When Centre Cut Excise Duty: PM Modi

Fuel Prices | Some States Did Injustice By Not Reducing VAT When Centre Cut Excise Duty: PM Modi

PM Modi said that states may provide relief to people now by reducing taxes that they were supposed to do last November.


27 March 2022
Congress Slams Govt Over Fuel Hike, Demands Account Of Rs 26 Lakh Crore Excise Duty

Congress Slams Govt Over Fuel Hike, Demands Account Of Rs 26 Lakh Crore Excise Duty

Congress demanded that the government should give an account of the Rs 26 lakh crore ‘accrued’ through excise duty on petrol and diesel in about eight...


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