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EXCISE LEVY
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...- Oil firms face Rs 530 crore daily fuel losses as crude surges: ICRAState-run oil marketing companies IOC, BPCL and HPCL are facing losses of about Rs 8 a litre on petrol and Rs 9 on diesel as crude prices s...
- Reliance Industries shares gain as govt slashes windfall tax on fuel exports; stock down 21% in 2026 so farReliance Industries shares saw a gain following the government's reduction in windfall taxes on fuel exports. The duty on diesel and petrol...
- 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...
- CGST Zone detects clandestine pan masala, tobacco unit, detects tax evasion of Rs 160 crHyderabad CGST Zone busted a clandestine pan masala and tobacco manufacturing unit. Officials detected approximately Rs 160 crore in duty a...
- DGGI officers bust clandestine pan masala, tobacco manufacturing network; detect tax evasion of Rs 185 croreDGGI officers busted a pan masala and tobacco manufacturing network in Uttar Pradesh. They seized twenty-seven undeclared pouch-packing mac...
- Fiscally fit: The counterintuitive move that helped India tame inflationIndia's inflation between 2010 and 2016 offers a lesson in fiscal discipline. Persistent deficits eroded confidence, leading to high inflat...
- From Varuni to bhang: How India’s ancient drinking traditions became a colonial tax machineThroughout history, ancient Indian cultures embraced intoxicants such as toddy and cannabis, weaving them into the fabric of religious and ...
- Himachal imposes 60 paise/litre widow, orphan cess on petrol, dieselThe Himachal Pradesh government has imposed a new cess on fuel. This levy of sixty paise per litre applies to petrol and diesel. The Widow ...
- Both GST and Excise duty can be imposed on tobacco: Karnataka HCThe Karnataka High Court has ruled that the Union government is entitled to levy Central GST (CGST) as well as excise duty on tobacco and t...
- Govt collects over Rs 2 lakh crore from levies on petrol, dieselGangwar said the funds accrued under the Central Road Fund are utilised for development of state roads and roads of economic importance and...
- Budget 2016: Gold jewellers’ lobby wants excise levy hike rolled backIBJA, with over 50,000 jewellers has already called for a nationwide strike to protest the new levy effective Tuesday till further notice.
- Coal India's total receipts from consumers cross Rs 1 lakh crore in 2015-16If total receipts from consumers, including levies and duties, as well as other income are considered, the figure stands at Rs 1,04,111 cro...
- Branded garment cos to get cenvat creditIn a relief to the branded garments industry, which has been slapped a 10% excise levy in the budget, the government has decided that the s...
- Budget 2011: Most drug prices likely to go upPrices of vaccines, anaesthetics and intravenous fluids (IV fluids) are expected to rise with the imposition of an excise levy.
- Value-based excise duty to replace flat levy in shift to GSTThe government could replace the flat rupee-denominated excise levy on some manufactured goods with the usual percentage-based system, or a...
- Slowdown shows up in macro numbersMacro indicators of the economy have started showing early signs of an industrial slump.
- Chem ministry proposes 50% cut in excise duty on drugsExcise duty sops given by states like Uttaranchal and Himachal to attract drug makers could partly be neutralised soon.
- No pain, all gain in this revampThe Lahiri committee recommendations - expected to serve as the blueprint for the oil sector's duty structure in Budget '05-06 - seeks to k...
- Budget to amend excise regime for petro productsBudget '03-04 is likely to introduce specific excise duties for the petroleum sector for the first time, in place of the ad valorem duties ...
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