excise duty

Central govt's tax collection on petrol, diesel jumps 300% in six years

Central govt's tax collection on petrol, diesel jumps 300% in six years

The central government collected Rs 29,279 crore from excise duty on petrol and Rs 42,881 crore on diesel in 2014-15 -- the first year of...Read More

Govt can cut excise duty on petrol, diesel by Rs 8.5 a litre without hurting revenues

Govt can cut excise duty on petrol, diesel by Rs 8.5 a litre without hurting revenues

The increase in excise duty was to mop up gains arising from international crude oil prices falling to a two-decade low. But, with oil pr...Read More

Excise duty collection surges 48% in FY21 on high fuel levies

Excise duty collection surges 48% in FY21 on high fuel levies

The excise duty collection during the first eight months of the current financial year was over Rs 1.96 lakh crore, compared to over Rs 1...Read More

Good news tipplers: Kerala govt to cut liquor tax to keep prices low

Good news tipplers: Kerala govt to cut liquor tax to keep prices low

After opposition leader Ramesh Chennithala alleged a Rs 100 crore scam in the decision to raise liquor prices in the state, excise minist...Read More

UP govt gives nod to Excise Policy 2021-2022; expects revenue to jump by Rs 6,000 cr

UP govt gives nod to Excise Policy 2021-2022; expects revenue to jump by Rs 6,000 cr

The Uttar Pradesh government has given its approval to the Excise Policy 2021-22, expecting revenue to jump by Rs 6,000 crore during the ...Read More

Thane: Trio arrested for attacking excise duty officials in Kalyan

Thane: Trio arrested for attacking excise duty officials in Kalyan

Thane: Kalyan police arrests trio for attacking excise duty officials while taking action on vehicle carrying country-made liquor on Mond...Read More

Excise duty & license fee collection down by 34.31%

Excise duty & license fee collection down by 34.31%

The lockdown has adversely impacted excise duty and license collection in Maharashtra, as liquor sale was closed till mid-April. State Ex...Read More

Centre will earn Rs 1.6 lakh cr from excise duty hike on petrol, diesel

Centre will earn Rs 1.6 lakh cr from excise duty hike on petrol, diesel

The Union government will gain close to Rs 1.6 lakh crore in additional revenues this fiscal from a record hike in excise duty on petrol ...Read More

Govt hikes excise duty on petrol by record Rs 10, diesel by Rs 13; retail prices remain unchanged

Govt hikes excise duty on petrol by record Rs 10, diesel by Rs 13; retail prices remain unchanged

New Delhi: The government on Tuesday evening hiked excise duty by a record Rs 10 per litre on petrol and Rs 13 per litre on diesel to gar...Read More

In high spirits: Maha government expects a Rs 2,160 crore through excise duty from alcohol purchase by May end

In high spirits: Maha government expects a Rs 2,160 crore through excise duty from alcohol purchase by May end

Maha opens paradise for tipplers, unending queues seen at liquor shops

Output and prices to be hit: SBI Ecowrap

Output and prices to be hit: SBI Ecowrap

However, if both the Centre and states are not willing to cut fuel prices, they must not -- under any circumstances -- raise excise duty.

Excise duty on petrol, diesel hiked by Rs 3 per litre, no change in prices

Excise duty on petrol, diesel hiked by Rs 3 per litre, no change in prices

Retail prices of petrol and diesel will not be impacted by the tax changes as state-owned oil firms adjusted them against the recent fall...Read More

Budget 2020: Smokers to pay more as govt hikes excise duty on cigarettes, tobacco

Budget 2020: Smokers to pay more as govt hikes excise duty on cigarettes, tobacco

The Union Budget has also proposed a new scheme called 'Vivad se Vishwas' (no dispute but trust) which aims at reducing litigations in th...Read More

Government may raise excise duty on petrol and diesel: Report

Government may raise excise duty on petrol and diesel: Report

There is no respite from fuel price hike as petrol and diesel prices in the country continued to surge on the back of the ongoing tension...Read More

Aviation turbine fuel cheaper than petrol, diesel as price cut by 2.6 percent

Aviation turbine fuel cheaper than petrol, diesel as price cut by 2.6 percent

New Delhi: Jet fuel or ATF prices were on Thursday cut by 2.6 per cent following the government decision to lower excise duty on the fuel...Read More

Government cuts excise duty on aviation fuel to 11% from 14%

Government cuts excise duty on aviation fuel to 11% from 14%

New Delhi: Days after central excise duty cut in petrol and diesel, the government on Wednesday reduced the excise duty on aviation fuel ...Read More

Maharashtra government may hike IMFL duty so as to cut taxes on petrol, diesel

Maharashtra government may hike IMFL duty so as to cut taxes on petrol, diesel

Mumbai: The Maharashtra government is considering increasing excise duty on Indian-made foreign liquor (IMFL), so as to create some fisca...Read More

Excise duty cut in oil to impact fiscal deficit badly: Moody’s

Excise duty cut in oil to impact fiscal deficit badly: Moody’s

New Delhi: Rating agency Moody’s has sounded a note of caution that any reduction in excise duty on petrol and diesel would adversely aff...Read More

Petrol excise duty cut will hit welfare schemes: Nitin Gadkari

Petrol excise duty cut will hit welfare schemes: Nitin Gadkari

NEW DELHI: The BJP cannot afford to cut excise on petrol; to do so would be to jeopardise most of its welfare schemes which subsist on go...Read More

BJP government overtakes UPA in fuel price hike; petrol and diesel excise duties touch historic high

BJP government overtakes UPA in fuel price hike; petrol and diesel excise duties touch historic high

New Delhi/Mumbai: There is no let-up in the cheating and looting in the garb of petrol and diesel hike – a direct fallout of more than 50...Read More

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