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EXCISE DUTY RETURNS
Assam State Budget 2026-27: FINER suggests higher devolution share and tax net wideningAhead of Assam's 2026-27 State Budget, industry body FINER urges higher central fund devolution and tax net expansion. They praise the Prof...- Petrol, diesel margins back to above pre-conflict levels: ReportState-run oil companies are poised for improved profitability as falling crude prices boost fuel marketing margins. While recent government...
- Oil prices to ease after US-Iran deal, but return to pre-war levels could take months: AnalystsEnergy markets anticipate price moderation for crude oil and liquefied natural gas. A potential US-Iran peace agreement and the reopening o...
- Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce dealA "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil...
- Petrol, diesel price hike impact: HPCL, BPCL & IOC shares jump 2% each. What lies ahead for the OMCs?Oil marketing companies like HPCL, BPCL, and IOC saw a 2% share increase following a second petrol and diesel price hike in under a week, w...
- Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily lossIndian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and dail...
- India meets FY26 with cheers & beers: High-end spirits popular; ale beats rainy daysIndia's liquor sales saw a rebound in the year ended March, with spirits volume growing 4% and beer volumes also rising 4%. This recovery w...
- India’s fuel resilience amid global oil turmoilThe article describes India’s economy as “resilient” amid the West Asia crisis, highlighting the country’s ability to maintain stable fuel ...
- Centre eyes Rs 5,000 crore relief, China’s Hotan route to ease airline stress amid Iran war: ReportThe Indian government is considering multiple relief measures for airlines facing high operating costs and reduced traffic due to the ongoi...
- Direct vs indirect taxes: Key differences and how they impact taxpayers and prices in IndiaIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 9...
- Government clarifies stand on jewellery excise, levy only on principal jewellery makersThe Budget had imposed a 1% excise duty without input tax credit and 12.5% with input tax credit on articles of jewellery.
- Artisans, job workers exempt from 1% excise on jewellery: Finance MinistryIn a bid to calm the frayed nerves of jewellers, the finance ministry said artisans and job workers will not have to pay this levy.
- Automatic cancellation of registration for excise, service tax on cardsRegistration of a manufacturer will be cancelled automatically if excise duty returns are not filed for six months, as per the latest gover...
- Tata Tea must pay duty on goods rejected by buyers: CESTATTax tribunal CESTAT has directed Tata Tea to pay excise duty on a consignment of goods that was rejected by buyers, as the company has foll...
- FM tells CBEC to nail excise evadersConcerned over sluggish excise duty collections, Chidambaram on Thursday asked the CBEC to devise a third-party information system, review ...
- FM concerned about poor growth in excise duty collectionExpressing concern over sluggish excise duty collection, Finance Minister P Chidambaram admitted that meeting the budgetary target of Rs 1,...
- PC loads capacity norm to fix excise evasion glitchWhile the industry may be celebrating the reduction in median excise duty rate from 16% to 14%, the return of a small, seemingly innocuous,...
- Govt to use I-T experience to boost excise collectionAnnual information return (AIR) brought in to track income-tax evasion may come handy in excise duty as well
- Govt may bring excise duty, service tax closerA Convergence of service tax rate of 12 % and a median excise duty of 16% may be on the cards.
- MoF on Cenvat credit trail, asks 4,000 firms for detailsThe Finance Ministry has decided to scrutinise Cenvat credit offtake by companies in these sectors to check misuse.
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