Excise Duty

The Delhi High Court dismissed Pernod Ricard's challenge to the denial of an L-1 wholesale liquor licence, citing pending criminal proceedings under excise rules

The Delhi High Court on Tuesday listed for hearing on May 25 the CBI's petition against the trial court order discharging all accused persons in the liquor policy case and asked the agency to inform former Delhi chief minister Arvind Kejriwal, his deputy Manish Sisodia and former MLA Durgesh Pathak about the change of bench. "Let them be intimated that the case has been allocated to this court. So if they have to say anything or respond to the present petition. Let them be served. Once everybody is here, we will draw a schedule of hearing," Justice Manoj Jain said. The CBI's petition assailing the trial court's decision was listed before Justice Jain after Justice Swarana Kanta Sharma released it from her court last week. On February 27, the trial court discharged Kejriwal, Sisodia and 21 others in the liquor policy case, as it ruled that the case was wholly unable to survive judicial scrutiny and stood discredited in its entirety. Subsequently, Kejriwal, Sisodia, Pathak and some .

Industry body proposes gradual rollback of petrol and diesel duty cuts alongside measures to support MSMEs, energy conservation and supply-chain resilience

DFS secretary says high-level banking panel to oversee balance sheet constraints

Government panel recommends removing excise duty on CNG and bringing natural gas under GST with full input tax credit to accelerate adoption amid energy supply concerns

Prolonged fuel duty cuts could derail FY27 excise projections, with petroleum taxes - a key revenue pillar - facing a potential ₹1.32 trillion hit

Move to cost exchequer ₹1.3 trn in FY27; export duty reimposed

CBIC Chairman Vivek Chaturvedi on Friday said the government will review the special additional excise duty or windfall tax on diesel and ATF every fortnight. The move to levy special additional excise duty (SAED) is to ensure domestic availability of diesel and ATF, Chaturvedi said, while briefing the media. The revenue gain from SAED is estimated at Rs 1,500 crore in the first fortnight, he added. The government on Thursday imposed an export duty of Rs 21.5 per litre on diesel and Rs 29.5 per litre on aviation turbine fuel (ATF) to discourage exports and improve domestic supply. The SAED is a levy first introduced in July 2022 to curb windfall gains by refiners following Russia's invasion of Ukraine. It was withdrawn in December 2024. Besides, the government has slashed excise duty on petrol and diesel by Rs 10 per litre each, a move aimed at shielding domestic consumers from a surge in global oil prices triggered by the Middle East conflict. Revenue loss due to the excise duty

The government has reduced excise duty by ₹10 per litre on both petrol and diesel amid rising global oil risks linked to West Asia tensions. This brings excise on petrol down to roughly ₹3 per litre,

₹10 per litre excise duty cut on petrol and diesel may cost ₹1.5 trn in FY27 but help sustain consumption amid the West Asia crisis, even as economists flag risks to fiscal space

Deven Choksey believes the excise cut may bring some respite to OMCs amid high energy prices, while create a ₹1.5 trillion dent to the exchequer per year.

The government has reduced the excise duties on petrol and diesel by ₹10 per litre each, bringing them down to ₹3 per litre of petrol and zero per litre of diesel

The Delhi government is likely to extend the excise regime extant for the Financial Year 2026-27, as it is still working on a new policy, official sources said on Friday. In June last year, the Delhi government extended the duty-based excise policy, which has been in effect from the licensing year 2022-23, for the 2025-26 fiscal. It was extended from July 1, 2025, to March 31, 2026. "Now, a proposal has been sent by the excise department for further extension of the existing policy for yet another extension, to the government," a government source said. The extension may come about after approval from the government. The existing policy has been continuing since 2023-24, when a reformative policy (2021-22) allowing private players in retail liquor sale was scrapped by the then AAP government in July 2022 amid allegations of irregularities. The existing policy, also referred to as the old excise regime, was then implemented in September 2022. Chief Minister Rekha Gupta last year

Crisil expects India's cigarette volumes to fall 6-8% next fiscal as higher excise duty and GST from February squeeze demand, especially in the mass segment

An optimal state policy must go beyond a revenue-hungry, punitive regulatory regime

Delhi government has notified the amendments in the excise rules raising the storage and possession quantity of denatured spirit and enhanced the quota of sacramental wine for religious purposes, officials said on Monday. The upper limit of special denatured spirit that can be stored at licensed premises has been raised from 6,744 kilolitres to 15,000 kilolitres at any given time, said a recent Delhi government notification. The annual authorised possession limit for permit holders has also been increased from 64,000 kilolitres to 120,000 kilolitres. The Delhi Excise (Amendment) Rules, 2025, also revised Rule 20 of the Delhi Excise Rules relating to sacramental wine. Earlier, the Bishop of Delhi was allowed to purchase, transport and possess up to 91 litres of sacramental wine for church use. This limit has now been substantially enhanced to 4,000 litres annually. Under the revised provision, the Bishop of Delhi will be permitted to purchase or import duty-free sacramental wine in

A sharp decline in stock price of ITC has seen ₹75,675 crore market capitalisation erosion of the company in the past four trading days.

From February 1, 2026, cigarettes and tobacco products will be taxed under a new excise framework. The government has scrapped the GST compensation cess and replaced it with a new excise duty,

The Tobacco Institute of India calls on the government to reconsider the steep excise and GST hike on tobacco, warning of hardships for farmers, MSMEs, retailers and a surge in illicit trade

The government said that tobacco products will continue to attract GST but will also be subject to additional excise duty on top of that tax from February 1