Page 11 - Excise Duty

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Govt should explain the fuel tax rationale

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No room to cut excise duty on petrol and diesel, says FM Sitharaman

On inflation, FM said she expected the retail price inflation rate to remain in the range mandated by the Monetary Policy Committee

FM Sitharaman rules out cut in excise duty on petrol, diesel, for now

Govt burdened by interest payments being made for oil bond floated by UPA, says FM

Excise duty on fuel calibrated to generate resources for infra: FinMin

The excise duty rates on petrol and diesel have been calibrated to generate resources for infrastructure building and other developmental expenditure keeping in view the prevailing fiscal situation

Rising fuel prices further dent stressed sectors of India's economy

Central and state governments have hiked taxes on fuels, pushing retail fuel prices to record highs in most of the country.

Govt's excise collections on petrol, diesel jump 88% to Rs 3.35 trn

To a separate question, the Minister of State for Finance Pankaj Chaudhary said excise collections in April-June this year totalled Rs 1.01 trillion.

Puducherry govt imposes 20% special excise duty on liquor products

Faced with serious shortfall in excise revenue,the territorial government has imposed a 20 percent special excise duty on maximum retail price uniformly on all brands of liquor products in UT

New Excise Policy will provide fair competition: Delhi govt tells HC

Delhi government told Delhi High Court that its new Excise Policy 2021-22 aims at minimizing corruption and providing fair competition in liquor trade

HC refers fresh plea challenging Delhi govt's new Excise Policy

The Delhi High Court Tuesday referred a fresh plea challenging the Delhi government's new Excise Policy 2021-22 to a bench which is already hearing another petition on the issue.

Punjab's excise dept engages IIT-Ropar to audit liquor manufacturing units

Punjab's excise department on Monday said it has engaged IIT-Ropar to conduct an audit of liquor manufacturing units in the state, a move which is aimed to check any pilferage

Delhi excise policy suggests price, outstation sale norm for liquor sale

The Delhi Excise Policy for 2021-22 has recommended price and outstation sale oriented criteria for registration of different brands of liquor

Rule change on liquor policy wrongly interpreted, clarifies Delhi govt

Soon after it was reported that the Delhi govt has allowed home delivery of liquor through mobile apps or websites under the amended excise rules, the CM's office said it was wrong interpretation

Delhi's amended excise rules allow home delivery of Indian, foreign liquor

The Delhi government has allowed home delivery of liquor under the amended excise rules

'FTP benefits are available against settlement of claims by ECGC'

Expert answers readers' SME queries related to excise, VAT and exim policy

Siddaramaiah slams Centre, questions heavy excise duty on petrol and diesel

Siddaramaiah claimed the basic value of petrol and diesel per litre is Rs 32.94 and Rs 34.10 respectively

State OMCs spent Rs 1.96 trillion in excise duty in April-December FY21

Excise duty payment by OMCs rises 66% YoY, despite 30% decline in net sales

No cut in excise duty on petrol, diesel: FM Nirmala Sitharaman

Sitharaman ignored calls for a reduction in excise duty rates to help bring down prices from historic high levels.

Beyond Budget Headlines: Oil sector may come to the govt's rescue this year

Every Budget has something to offer for the oil sector. Oil prices have been rising because of global demand amid a stringent environment of regulations. So, what is Budget 2021 going to do for the oil sector? Boosting revenue collection will be a challenge if oil prices rise and the government has to roll back excise duty hikes, says our in-house policy expert A K Bhattacharya. He also points out that the disinvestment revenue that can be mobilised from the oil sector will be a key factor for Budget. In the seventh episode of Beyond Budget Headlines with AKB, Business Standard’s special video series in the run-up to Budget 2021, we also discuss the expenditure side challenges to the Budget, how to boost foreign investment, and opportunities in Budget to boost jobs and growth.

Excise duty collection jumps 48% this fiscal on record hike in fuel taxes

While the pandemic pummelled tax collection across the board, excise duty mop-up jumped 48 per cent in the current fiscal on the back of a record increase in taxes on petrol and diesel