Page 11 - Latest Updates on Excise Duty
UP govt hikes excise revenue target for FY23 to Rs 41,000 crore
New state excise policy aims to weed out liquor cartels
 "UP govt hikes excise revenue target for FY23 to Rs 41,000 crore")
Public health groups, docs urge govt to hike tobacco products' excise duty
In their appeals to the Finance Ministry, they have sought an increase in excise duty on cigarettes, bidis and smokeless tobacco
 "Public health groups, docs urge govt to hike tobacco products' excise duty")
Govt makes largest-ever payment for slashing oil bond dues
Total interest outgo to top Rs 1.6 trn, against bonds of Rs 1.44 trn since FY10
 "Govt makes largest-ever payment for slashing oil bond dues")
With Delhi's new excise policy in, 194 set to lose jobs
With the discontinuation of Delhi government liquor vends in wake of the new excise policy, 194 outsourced employees hired through (ICSIL), engaged in liquor business have lost their jobs.
 "With Delhi's new excise policy in, 194 set to lose jobs")
Sustainable fuel taxes
India needs a more transparent tax structure
 "Sustainable fuel taxes")
Fuel pump dealers bleed on sudden excise duty cut on petrol, diesel
Dealers earn a commission of Rs 2.58 a litre on diesel and Rs 3.85 a litre on petrol
 "Fuel pump dealers bleed on sudden excise duty cut on petrol, diesel")
Excise duty cut on petrol, diesel could reduce inflation by 30 bps
Petrol's price rise remained elevated even as it moderated to 22.26 per cent in September from 24.01 per cent in the previous month
 "Excise duty cut on petrol, diesel could reduce inflation by 30 bps")
23 states lower VAT rates on petrol, diesel after Centre's excise duty cut
According to an official statement, states that reduced fuel prices the most were Karnataka, followed by Puducherry and Mizoram
 "23 states lower VAT rates on petrol, diesel after Centre's excise duty cut")
Digvijay demands Centre to cut excise duty on fuel prices to 2014 level
Singh on Friday demanded that the Centre should further cut the excise duty on fuel to what it was during the Congress regime in 2014, adding that the move will bring the prices further down by Rs 18
 "Digvijay demands Centre to cut excise duty on fuel prices to 2014 level")
Excise duty cut on fuel 'very sensitive decision by PM': Amit Shah
"It is a confirmation of our charge that fuel prices are high mainly because of high taxes," he said
 "Excise duty cut on fuel 'very sensitive decision by PM': Amit Shah")
Cut in excise duty on fuel by-product of bypoll results: Chidambaram
The senior Congress leader on Thursday took a swipe at the BJP
 "Cut in excise duty on fuel by-product of bypoll results: Chidambaram")
PM Modi's move to cut excise on fuel brings big relief to public: Amit Shah
The Union home minister on Thursday lauded Modi's decision regarding the excise duty on fuel
 "PM Modi's move to cut excise on fuel brings big relief to public: Amit Shah")
Excise cut on petrol, diesel to cost government Rs 45,000 crore: Nomura
A cut in excise duty on petrol and diesel and the ensuing drop in retail selling price of these auto fuels should also help address inflation concerns to some extent, analysts said
Diwali cheer: Centre cuts excise duty on petrol by Rs 5, diesel by Rs 10
Experts said the increase in consumption and tax buoyancy will help offset excise duty cuts on fuels to an extent
 "Diwali cheer: Centre cuts excise duty on petrol by Rs 5, diesel by Rs 10")
Govt's excise collection on petro products 79% more than pre-Covid levels
The govt's collection from levy of excise duty on petroleum products has risen 33% in the first six months of the current fiscal when compared with last year and is 79% more than pre-Covid levels
 "Govt's excise collection on petro products 79% more than pre-Covid levels")
New excise policy: Delhi govt seeks applications for serving liquor
Moving ahead with the implementation of its new excise policy, the Delhi government has invited applications from hotels, clubs, motels, bars and restaurants for serving liquor on their premises
 "New excise policy: Delhi govt seeks applications for serving liquor")
Delhi govt has power to float New Excise Policy 2021, observes HC
The Delhi High Court refused to stay the closure of retail vends having L7 licences for the sale of Indian liquor in private sector under the old policy with effect from September 30
 "Delhi govt has power to float New Excise Policy 2021, observes HC")
BS Number Wise: The name's bond, oil bond!
Do you think the government will bite the bullet and cut excise duties?
 "BS Number Wise: The name's bond, oil bond!")
Transparent pricing
Govt should explain the fuel tax rationale
 "Transparent pricing")
Top headlines: Biden defends leaving Afghanistan; VI holds talks for funds
Business Standard brings you the top headlines of the day
 "Top headlines: Biden defends leaving Afghanistan; VI holds talks for funds")