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EXCISE DUTY CHANGES
United Spirits’ popular segment sales fall 22.7% as state policies squeeze marginsUnited Spirits reported a 22.7% decline in its popular liquor segment sales during Q2 FY2027. The decline was attributed to increased taxes...- 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...
- Commercial LPG cylinder price hiked by Rs 62.50 in Delhi, ATF costlier by Rs 16 ahead of festive seasonFrom October 1, the price of a 19-kg commercial LPG cylinder in Delhi increased to Rs 2,810. This rise of Rs 62.50 marks a 2.3 percent incr...
- Centre cuts windfall tax on diesel, ATF exports from October 1The Centre has decreased the windfall tax on diesel exports to ₹16 per litre and ATF exports to ₹10.5. This decision, effective from Octobe...
- 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...
- Happy Hours! UK trade pact brings scotch prices down in IndiaScotch prices in India have decreased significantly for the first time following the India-UK free trade agreement. Major brands like Johnn...
- India slashes windfall tax on petrol, diesel, ATF exportsThe government has reduced windfall taxes on petroleum exports. Levies on petrol, diesel, and aviation turbine fuel have been lowered. This...
- 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 ...
- Lok Sabha passes Bill to give immediate effect to customs, excise duty proposals in BudgetWhile the changes in rates of income and corporate taxes, incorporated in the Budget announced on February 1, are effective from April 1 or...
- FM Sitharaman introduces bill to give immediate effect to customs, excise duty proposals in BudgetWhile the changes in rates of income and corporate taxes, incorporated in the Budget announced on February 1, are effective from April 1 or...
- 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 changes excise duty structure on branded dieselThe government has changed the excise duty structure on branded or premium diesel, shifting from fixed rates to a combination of ad valorem...
- Govt may hike excise on petrol, dieselWhile customs duty may be reduced on crude, LPG & kerosene, excise duties on auto fuels are likely to be hiked.
- Budget may cut crude duty to 5%The groundwork for reforms in the tax structure for the petroleum sector, to be announced in the coming budget, is ready.
- VAT a relief: Centre to make good states' lossThe FM has retained the Cenvat rate at 16%. He has announced major policy changes in the textile sector.
- More excise concessions on cardsAfter the big-ticket reforms in customs duty including the 5% reduction in peak customs duty, abolition of the 4% special additional duty o...
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