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ROAD AND INFRASTRUCTURE CESS
Govt plans financial aid for contractors to provide temporary homes to labourers at project sitesHousing Minister Manohar Lal Khattar announced plans to financially assist contractors for temporary labourer housing at project sites, fun...- Government revises windfall tax on fuel exports from June 1New windfall tax rates on fuel exports take effect from June 1, 2026. Taxes are back on diesel and aviation turbine fuel after a period of ...
- Petrol exports to attract ₹3/litre excise dutyNew Delhi is shaking up its energy export policy with the introduction of a specialized excise duty on petrol exports. Meanwhile, the gover...
- Govt imposes ₹3/litre windfall tax on petrol exports; cuts diesel, ATF leviesThe government has introduced a windfall gains tax of Rs 3 per litre on petrol exports. Levies on diesel exports are now Rs 16.5 per litre,...
- Excise duty on diesel exports cut to Rs 23/ltr, ATF exports to Rs 33/ltrThe govt has announced a reduction in the windfall tax for diesel exports to Rs 23 per litre and for aviation fuel to Rs 33 per litre, star...
- Centre ups diesel export duty to Rs 55.5/litre, raises excise to high-speed diesel to Rs 24 & infra cess to Rs 36; ATF duty up to Rs 42The Indian government has significantly increased export duties on diesel and aviation turbine fuel. This move aims to boost government rev...
- Are cess and surcharge funds truly reaching their intended purposes?Government revenue from cesses and surcharges is substantial. While intended for specific schemes, concerns persist about their actual usag...
- Centre expects Rs 5.91 lakh cr from cess and surcharge in FY26The Finance Ministry anticipates collecting ₹5.91 lakh crore from cess and surcharge in the current fiscal year, marking a 9.43% increase f...
- Topped up cess collection to fund schemes for states: FM Nirmala SitharamanIn her reply to the finance and appropriation bills in the Rajya Sabha on Tuesday, Nirmala Sitharaman highlighted the utilisation of the va...
- Rising crude oil prices likely to impact infra funding in FY23Rising energy prices may force the government to reduce the roads and infrastructure cess once again to limit the impact on the prices of c...
- Highways and rural piped water projects to be funded by fuel cessThe main source of funding for accelerating the building of national highways (NHs) and provision of the piped water connection to rural ho...
- Government mopped up 80 percent more from fuel cess in 2020-21 than it estimatedAccording to the budget documents, the receipts on this account increased to nearly Rs 2.3 lakh crore in the revised estimates compared to ...
- Government hikes excise duty on petrol price by Rs 10, diesel price by Rs 13The increase in excise comes amid crude oil prices still remaining at relatively lower levels of $23.86 a barrel, compared to peak level pr...
- Government tables notifications on excise duty, road cess rise on petrol, dieselMinister of State for Finance Anurag Singh Thakur placed the notifications dated March 13, 2020 seeking to raise special additional excise ...
- Petrol price hiked by Rs 2.45, diesel by Rs 2.36Diesel price was hiked by Rs 2.36 per litre in Delhi to Rs 66.69 and by Rs 2.50 per litre in Mumbai to Rs 69.60.
- 15th Finance Commission to commission study on cess collections of CentreThe Finance Commission, which every five years recommends a ratio in which the tax money collected by the central government is to be divid...
- No change in petrol, diesel prices after budget duty rejigThe Centre has to share its collection of excise duties with states, but does not have to do so in the case of a cess.
- Union Budget 2015: High profile oil & gas sector gets no mention by FM JaitleyBarring duty rejig for petrol and diesel, Finance Minister Arun Jaitley did not mention the high profile oil and gas sector in his Budget s...
- Duty rejig on petrol, diesel to give Rs 40,000 crore for road projectsPetrol attracts a total excise duty of Rs 17.46 per litre, including Rs 2 a litre road cess. Diesel attracts Rs 10.26 a litre total excise ...
- Govt may hike fuel cess by Re 1 to fund highwaysConsumers might have to shell out a higher cess on auto fuels if the government goes ahead with a proposal to step up funding for highways.
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