Thursday, October 28, 2021
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Excise duty

Rajasthan govt announces 2 per cent cut in VAT on petrol, diesel

The price of branded or premium petrol price had crossed Rs 100-mark in Sriganganagar town of Rajasthan on January 27.

Excise duty collection jumps 48 per cent

Excise duty collection during April-November 2020, was at Rs 1,96,342 crore, up from Rs 1,32,899 crore mop-up during the same period in 2019,

App-based transport and delivery workers to protest on August 5

Indian Federation of App-based Transport Workers (IFAT) will extend support and solidarity to the protest day

Karnataka hikes excise duty on liquor by 11 per cent

"Yes, this 11 per cent is in addition to the six per cent announced in the budget," Chief Minister B S Yediyurappa said.

Govt hikes excise duty on petrol by record Rs 10, diesel by Rs 13

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

Govt may increase duty on petrol, diesel again to fight outbreak

"Globally, state loans, income subsidies and tax deferrals are the most common fiscal packages being offered."

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 in oil prices and the likely trend in the near future, industry officials said.

Cigarette stocks continued to remain under pressure; ITC tanks 5 per cent

A large number of items including cigarettes, chewing tobacco are set to become more expensive due to hike in taxes proposed in the Union Budget for 2020-21

Govt considering specific excise duty on ATF

ATF presently is chargeable at 11 per cent ad valorem rate of excise duty

Petrol, diesel to be cheaper by Rs 3 in Hyderabad

Hyderabad: At long last, the prices of petrol and diesel are all set to come down by around Rs 3 in the city, with...

Rs 2.50 per litre cut on petrol, diesel prices

New Delhi: The government Thursday announced a Rs 2.50 a litre cut in petrol and diesel prices, factoring in excise duty reduction of Rs 1.50...

Petrol, diesel prices scale new highs

Petrol price was Sunday raised by 12 paise a litre and diesel by 10 paise per litre, according to the price notification issued by state fuel retailers.

Petrol, diesel touch all time highs as oil companies hike rates

Oil PSUs are estimated to have lost about Rs 500 crore on absorbing higher cost resulting from the spike in international oil rates and fall in rupee against the US dollar during the nearly three week hiatus.

Shiv Sena terms excise duty cut on fuel as ‘drop in the ocean’

Shiv Sena used a popular idiom -- "oont ke muh me jeera" (a small cumin seed in a camel's mouth) -- to describe the inadequacy of the recent excise duty cut.

Centre bows to public pressure, cuts excise duty on petrol, diesel by Rs 2

Prices of petrol and diesel will be reduced by the amount of duty cut with effect from Wednesday.

Congress to launch nationwide agitation against fuel price hike

Accusing the BJP government of "looting" the common people and "profiteering" at their expense, Congress's senior spokesperson Ajay Maken said the party would continue its fight "until this draconian taxation regime is withdrawn".

GST rollout improves business efficiency by 30%, says Prime Minister

"Efficiency has increased in transport sector by 30 per cent and because of GST such a big change has happened," he said.

Norms eased for import of PoS devices

New norms have been given for import of Point of sale (PoS) terminal devices till March 31 to promote digital transactions post demonetisation.

Double-digit growth in India’s tax collection figures: Jaitley

The impact of demonetisation is clearly visible with tax collection figures seeing double-digit growth, said Finance Minister Arun Jaitely.

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