Excise duty

Excise duty on fuel can be slashed by Rs 8.5 a litre without hurting revenues: Analysts

Excise duty was raised by Rs 13 and Rs 16 per litre on petrol and diesel between March 2020 and May 2020, and now stands at Rs 31.8 on diesel and Rs 32.9 per litre on petrol.

published on : 4th March 2021

Government may cut excise duty on petrol, diesel by Rs 8.5 per litre without hurting revenues

There have been calls by opposition parties as well as sections of society to the government to reduce excise duty to ease consumer pain.

published on : 3rd March 2021

Cheers! Alcohol to escape duty hike in Karnataka budget

The State government is likely to exempt alcohol from any fresh taxes or hike in duty in the forthcoming Budget.

published on : 10th February 2021

No proposal to raise excise duty on cigarettes, 'beedis': MoS Finance Anurag Thakur

Finance Ministry data showed that the overall GST collection from these products, including cess, during FY 2019-20 was Rs 53,540 crore and excise collection Rs 1,610 crore.

published on : 9th February 2021

Excise duty collection jump 48 per cent this fiscal on record hike in taxes on petrol, diesel

The government had raised excise duty on petrol by Rs 13 per litre and that on diesel by Rs 16 a litre in two tranches to mop up gains arising from international crude oil prices falling.

published on : 17th January 2021

Excise duty on liquor in Puducherry extended till January 31

Though Covid-19 cases have come down, the government wants the continuation of SED, perhaps to keep tourist inflow at a minimum.

published on : 1st December 2020

Worried Modi government scratches its head over rising petrol prices

While finance secretary Hasmukh Adhia on Monday ruled out any immediate reduction in excise duty, sources told TNIE that the option is still open. 

published on : 5th April 2018

Need revenue for public spending: Jaitley on high oil taxes

Arun Jaitley provided no indication today of any cut in excise duty on petrol and diesel to cushion the spike in rates, saying that the government needs revenue to support public spending.

published on : 20th September 2017