Excise Duty News

News

Excise duty on petrol, diesel being used to fund infra development: Gadkari

Transport Minister Nitin Gadkari said that the decision to pass on the impact of fuel rise on transport costs to customers depends lies with the transport companies

1 min read22 Jul 2021
Politics

Delhi govt forms panel to suggest measures to augment excise duty revenue

Delhi government has constituted a three-member committee to suggest measures to augment revenue from excise duty and ways to simplify liquor pricing as well as boost the hotel and restaurant industry of the city

1 min read9 Sep 2020
News

Lockdown impact: Karnataka raises tax on alcohol by 11% to boost revenues

Delhi has imposed a whopping 70% special corona fee to help garner some much needed revenuesA ₹1,610 crore stimulus has been announced for flower cultivators, washermen, barbers, weavers, among others

1 min read6 May 2020
News

Excise duty on petrol up by ₹10, diesel by ₹13 a litre

The hike in duty has taken away gains from falling global crude oil prices

1 min read5 May 2020
News

Uproar in Parliament over hike in excise duty on petrol, diesel

The government raised excise duty on petrol and diesel by ₹3 per litre eachMinister of state for finance Anurag Thakur tabled the two notifications amid the uproar

1 min read17 Mar 2020
News

Govt hikes excise duty on petrol, diesel by ₹3 each

Excise duty on petrol has now risen to ₹22.98 from ₹19.98 and that on diesel to ₹18.83 from ₹15.83This is in addition to the value added tax that states levy on auto fuel

2 min read14 Mar 2020
Money

Will hike in fuel prices dent your finances?

The current increase in fuel prices won’t impact inflation muchIf higher diesel prices push up the cost of vegetables in the rainy season, inflation may be affected later

3 min read14 Jul 2019
Politics

Beermakers brace for short-term impact of Karnataka excise duty hike

The budget plans to increase duties on bottled beer to 175% from 150%Policy challenges in key beer-guzzling states, including Karnataka, had already weighed down sales in 2018

2 min read12 Feb 2019
Budget

Budgetnomics 101: Massaging the fiscal deficit

Spending has shot through the roof and revenues are down. How on earth will government meet its fiscal deficit target of 3.3% of GDP?

8 min read29 Jan 2019
Budget

SIAM seeks increase in customs duty for commercial vehicle CBUs

With respect to customs duty, SIAM has suggested to the government that for CBU of cars and two-wheelers, rates should remain at the same levelCustoms duty on two-wheeler and cars currently ranges from 50-100 per cent

1 min read25 Jan 2019
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