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Excise Duty
Delhi government liquor policy: Fearing liquor shortage, Arvind Kejriwal-led govt considering one month extension to its new excise policy
Sun, Jul 31, 2022
"However, preempting a chaos due to shutting of private liquor shops and time needed for opening government vends, a proposal is likely to be soon presented before Delhi Cabinet for extension to the 2021-22 policy," a top government source said.
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When will government consider lowering windfall tax as global oil prices decline?
Fri, Jul 15, 2022
The fall in the crude oil prices as well as the refining margin for diesel, petrol and aviation turbine fuel, raises the question whether the Indian government should continue with its windfall tax, said CLSA Ltd in a report.
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Breaking News: Good News For Oil & Sugar Companies
Tue, Jul 05, 2022
Good news for IOC, BPCL, HPCL and sugar companies too. Excise duty exemption on 12-15% blending in petrol and 20% on blending in diesel. ₹2 green tax will not be levied on petrol, diesel from October 1. Know full news from @pandeyambarish...
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Excise collection 79% more than pre-Covid levels
Sun, Oct 31, 2021
Data available from the Controller General of Accounts (CGA) in the Union Ministry of Finance showed excise duty collections during April-September 2021 surging to over Rs 1.71 lakh crore, from Rs 1.28 lakh crore mop-up in the same period of the previous fiscal
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Attention manufacturers! Due date for the payment of excise duty for goods cleared during September today - Check details here
Wed, Oct 06, 2021
The manufacturers registered under Central Excise Act, 1944 must note that the due date for the payment of excise duty for goods cleared in the month of September 2021 is today, October 6, 2021.
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No relief in petrol-diesel prices, reduction in excise duty is necessary
Mon, Mar 08, 2021
Due to increasing prices of Crude oil in international markets, at present no relief in petrol-diesel prices. Crude prices have crossed 71%. center and state government have to give the relief through a reduction in excise duty.
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Indirect tax mop-up in FY'19 may fall short by Rs 90,000 cr: Report
Fri, Nov 23, 2018
Total GST collections come at Rs 6.78 lakh crore as compared with the 2018-19 Budget Estimate of Rs 7.44 lakh crore, including SGST and IGST. "If we exclude SGST and proceeds of IGST contributed to states, the GST collection of the Centre comes to Rs 3.46 lakh crore (47 per cent of BE)," the report said.
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Happy with Rs 2.50 cut in petrol, diesel prices? Guess what! Fuel rates can be slashed by another Rs 4.60, Rs 3.30; Here's how
Thu, Oct 04, 2018
Today Finance Minister Arun Jaitley announced a cut in excise duty by Rs 1.50 while OMCs were expected to absorb another Re 1. Therefore, a total of Rs 2.50 will be cut in both petrol and diesel prices.
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Second excise duty cut under Modi reign; consumers rejoice as petrol, diesel prices cut, but this is how much govt will lose
Thu, Oct 04, 2018
Modi government announced a cut in excise duty by Rs 1.50 and OMCs will absorb another Re 1, therefore, a total of Rs 2.50 will be cut in both petrol and duty prices
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With petrol, diesel prices at record highs here are 4 ways to check daily change in rates
Sun, Jun 03, 2018
India after 16 days of aggressive hikes witnessed its first relief in petrol and diesel prices from May 29. However there is nothing to be excited about the cut made in these two fuel product because rates are still at record high levels.
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Not 1%, but 1 paisa cut! After big error, petrol, diesel prices changed twice today, but stay at record highs
Wed, May 30, 2018
A big error by IOC website had revealed that petrol diesel prices have been cut by as much as 60 paise! Check out the actual rates in metro cities like New Delhi, Mumbai, Kolkata and Chennai.
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