The way forward clearly is to broad-base and modernise taxation in general, and include petro-fuels and power in the goods and services tax...

Concessional rate of 2 per cent is applicable for ATF sold under Regional Connectivity Scheme. Ad valorem rate means that the impact of an ...

In a Facebook post titled 'The oil prices and the hypocrisy of the opposition', Jaitley accused the government critics of doing a 'volte fa...

BJP hopes fuel price cut will make voters less angsty. A five rupee cut can indeed have a perceptional impact.

In its announcement earlier in the day, the finance ministry has cut the excise duty on petrol and diesel by Rs 2.50 a litre.

The finance ministry on Monday recommended imposition of 25% safeguard duty on solar panels for one year.

The royalty rates on coal and lignite were last revised in 2012 and the next revision can take place only with effect from May next year, a...

The party also sought a review of the tax structure on petroleum products and removal of ad valorem tax on them.

The govt has constituted a panel to consider revision of rates of royalty of coal which is at the present 14% ad-valorem on price of the fo...

The Cabinet Committee on Economic Affairs (CCEA) is likely to consider tomorrow a new royalty regime for coal and lignite.

The government's move to remove import duty on thermal coal will benefit the domestic steel industry, said Vishal Agarwal, managing directo...

The government could replace the flat rupee-denominated excise levy on some manufactured goods with the usual percentage-based system, or a...

States, which have earned a whopping Rs 65,000 crore as tax revenues from the oil sector in 2007-08 thanks to the high oil prices, may now ...

The oil ministry seems to have launched a nationwide campaign against ad valorem duty structure on fuel to save oil companies and consumers...

To go beyond is as wrong as to fall short, admonished Confucius in the distant past. The need for balance and poise is surely all the more ...

Major reforms in taxation on petrol products, abolition of ad valorem on excise duty mooted.

Budget '03-04 is likely to introduce specific excise duties for the petroleum sector for the first time, in place of the ad valorem duties ...