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Excise Duty

Excise duty hike in Karnataka would lead to dowtrading, may impact sales, say liquor makers

Excise duty hike in Karnataka would lead to dowtrading, may impact sales, say liquor makers

Fri, Jul 07, 2023

Liquor manufacturers on Friday raised concerns about the Karnataka government hiking tax on Indian made foreign liquor (IMFL), saying the move will increase consumer prices and adversely hit sales.

Delhi governement collects Rs 1,700 crore in excise duty, VAT in April-June quarter

Delhi governement collects Rs 1,700 crore in excise duty, VAT in April-June quarter

Sun, Jul 02, 2023

The amount included Rs 5,548.48 crore as excise duty and Rs 1,272.52 crore as value-added tax.

Anil Singhvi explains how lower crude oil taxes can help RBI pause rates

Anil Singhvi explains how lower crude oil taxes can help RBI pause rates

Thu, Mar 16, 2023

Global crude oil prices hit a 15-month low on Wednesday and are below $75

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Delhi govt's old excise policy gets six-month extension

Delhi govt's old excise policy gets six-month extension

Wed, Mar 15, 2023

Former deputy chief minister and minister in charge of Excise department Manish Sisodia was recently arrested by the ED in connection with an alleged liquor scam in Delhi.

Excise duties on petrol and diesel zoomed up despite crude staying below $80 during these fiscals

Excise duties on petrol and diesel zoomed up despite crude staying below $80 during these fiscals

Sun, Sep 11, 2022

The government`s revenue generation through levy of excise duty saw a growth of 126 per cent between 2014-15 and 2021-22. The income growth was 186 per cent during the same period.

Delhi government liquor policy: Fearing liquor shortage, Arvind Kejriwal-led govt considering one month extension to its new excise policy

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.

Excise Duty Has Reduced On Crude, ATF And Diesel; Which Companies To Be Benefited From The Decision?

Excise Duty Has Reduced On Crude, ATF And Diesel; Which Companies To Be Benefited From The Decision?

Wed, Jul 20, 2022

Excise duty on crude oil, ATF has been reduced. Excise duty on diesel has also been reduced. Which companies will benefit the most? Know full details from Varun Dubey.

When will government consider lowering windfall tax as global oil prices decline?

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.

Breaking News: Good News For Oil & Sugar Companies

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...

Excise duty on petrol, diesel, ATF hiked up to Rs 12; details

Excise duty on petrol, diesel, ATF hiked up to Rs 12; details

Fri, Jul 01, 2022

In order to regulate prices of fuels in the domestic market, the government has raised excise duty on exports of petrol, diesel and Aviation Turbine Fuel (ATF) starting Friday, July 1, 2022.

Excise collection 79% more than pre-Covid levels

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

Attention manufacturers! Due date for the payment of excise duty for goods cleared during September today - Check details here

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.

No relief in petrol-diesel prices, reduction in excise duty is necessary

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.

Indirect tax mop-up in FY'19 may fall short by Rs 90,000 cr: Report

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.

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

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.

Second excise duty cut under Modi reign; consumers rejoice as petrol, diesel prices cut, but this is how much govt will lose

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

Petrol, diesel continues to boil; this is why govt needs to cut excise duty

Petrol, diesel continues to boil; this is why govt needs to cut excise duty

Mon, Sep 10, 2018

Finance Minister Arun Jaitley gave a non-committal speech on trimming excise duty as a move to cushion fuel prices.

Petrol, diesel price restless in India; Here’s how it hits your pocket on monthly basis

Petrol, diesel price restless in India; Here’s how it hits your pocket on monthly basis

Wed, Sep 05, 2018

Indian petrol and diesel price are at an all time-high. These are the levels never witnessed before even when international crude oil was trading at $100 per barrel during the year 2014.

Petrol, diesel prices: You can check daily revision in rates by one SMS; here's how

Petrol, diesel prices: You can check daily revision in rates by one SMS; here's how

Sat, Jun 30, 2018

The state-owned Indian Oil Corporation has revamped its website especially the section where it provides daily changes in petrol and diesel prices.

Petrol, diesel price dilemma: From saviour to sacrificial lamb, will ONGC bear subsidy burden?

Petrol, diesel price dilemma: From saviour to sacrificial lamb, will ONGC bear subsidy burden?

Mon, Jun 04, 2018

From May 14 prices started to increase and reached new heights till date, and now both petrol and diesel prices have soared from Rs 3 per litre to Rs 4 per litre.

With petrol, diesel prices at record highs here are 4 ways to check daily change in rates

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.

Petrol, diesel price at record high; Will ONGC provide relief to fuel prices?

Petrol, diesel price at record high; Will ONGC provide relief to fuel prices?

Sat, Jun 02, 2018

Companies like Reliance Industries, Cairn India Ltd, Oil India, Oil and Natural Gas Corporation (ONGC) among others in this sector are responsible for producing oil in its crude form.

Not 1%, but 1 paisa cut! After big error, petrol, diesel prices changed twice today, but stay at record highs

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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