Page 12 - Excise Duty

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

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

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

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

BS Number Wise: The name's bond, oil bond!

Do you think the government will bite the bullet and cut excise duties?

Transparent pricing

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