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EXCISE DUTY COLLECTIONS
West Asia crisis so far may cost govt Rs 1.35 lakh crore, spending cuts unlikely: ICRA Chief Economist Aditi NayarThe West Asia crisis may impose a fiscal burden of approximately Rs 1.35 lakh crore on India. Government spending has generally remained be...
India's GST Revolution: How India’s biggest indirect tax reform changed its economy and its way of doing businessIndia's GST Revolution: GST has transformed India's indirect taxation system, eliminating many previous levies to streamline compliance and...
IMFL segment: Premium products share expected to hit 35-36 pc in 3-4 years, says industryThe India-UK Free Trade Agreement, which became effective from July this year, is supporting premiumisation in the domestic spirits market ...
Karnataka liquor volumes flat in H1 as beer gets three cheersKarnataka observed significant growth in beer sales, rising by 41% in the first half of the fiscal year. Indian-made liquor sales, however,...
India imports 50% of gas needs, targets 10X CBG output: Hardeep Singh PuriIndia's Petroleum and Natural Gas Minister Hardeep Singh Puri emphasized the need for enhanced domestic energy production. Rising energy de...
Fiscal path hinges on direct taxes as customs, excise revenues face pressure: ReportIndia's fiscal trajectory will increasingly depend on the strength of direct tax collections due to lower customs duties. Indirect tax reve...
April-August fiscal gap widens to ₹7.1 lakh crore on higher capex, subsidy outgoThe Centre’s fiscal deficit rose to ₹7.1 lakh crore, or 41.9% of the FY27 target, by August, up from ₹6 lakh crore a year earlier, official...
Crude surged. Why didn’t India’s petrol prices?As the West Asia conflict drove up oil costs, India kept a much larger rise from reaching the pump. This explainer dives into how protectio...
Uttar Pradesh has emerged as preferred investment destination: GoyalUttar Pradesh has emerged as a preferred investment destination, Commerce and Industry Minister Piyush Goyal said, citing favourable indust...
ETMarkets Smart Talk | 2-year bonds attractive, long end risky: Apoorva Javadekar’s fixed-income playbookWhile the recent rise in yields may make short-tenor bonds more attractive, the long end remains vulnerable to global rate pressures and do...
2xble deflation demystified: GDP numbers may look puzzling, but the new methodology measures the economy differentlyIndia's Q1 FY27 GDP deflator appears low, but national accounts explain this divergence. Double deflation methodology separates output and ...
India’s budget math brightens with asset sales target in sightIndia's fiscal position has improved significantly from earlier concerns. The government is set to exceed its asset sale target for the fir...
Rs 500, Rs 1,000 notes banned: Experts see rise in VAT, excise duty collectionsWithin minutes of PM Narendra Modi announcing that Rs 500 and Rs 1,000 notes won't be legal tenders from Wednesday, those who hold back mon...
Indirect tax collections grow by 36.8% in OctoberIndirect tax collections grew by 36.8% in October led by a massive over 66% increase in excise duty collections.
Indirect tax collection up 35.8% in April-September periodIndirect tax collection was up 35.8 per cent to over Rs 3.24 lakh crore in the first half of the current fiscal, reflecting growth in econo...
Excise duty collections dips 14% in AprilExcise duty collections have taken a big knock in the first month of the new fiscal, as companies took credit for higher tax paid.
- Customs duty collection falls 8.8% to Rs 11,594 crore in April
Customs duty collection declined by 8.8 per cent to Rs 11,594 crore in April this year because of the cut in the duty on petroleum products.
- Indirect tax mop-up jumps 43% in Apr-Dec
Excise duty collections registered a smart 29.5% rise in December 2010 from a year ago, allaying fears of a slowdown in manufacturing growt...
- Excise duty collections affected by duty cuts: CBEC
Duty cuts on petrol and diesel coupled with misuse of exclusive exemptions has led to a tardy growth of 3.7 per cent at 46,122 crore compar...
- FM concerned about poor growth in excise duty collection
Expressing concern over sluggish excise duty collection, Finance Minister P Chidambaram admitted that meeting the budgetary target of Rs 1,...