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PETROLEUM CESS
PM Modi denies proposal to impose surcharge on foreign travelAddressing concerns about reports suggesting a new tax on international travel, Prime Minister Narendra Modi was quick to clarify that such...- 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...
- Liquor stocks have macro tailwinds, but will FTAs become a problem? 6 liquor stocks with an upside potential of up to 26%Supply chain disruptions caused by the US-Israel-Iran conflict have a second-order impact on several industries. The liquor sector is no ex...
- GST 2.0 Inverted duty structure hurts FMCG, Pharma: Expert flags concernsIndian enterprises are navigating challenges posed by the Goods and Services Tax. The inverted duty scenario is particularly affecting FMCG...
- Govt slashes import duty, agri and infra cess on LPG import to nilThe Finance Ministry in a notification said that imports of LPG, liquified propane and liquified butane have been fully exempted from Agric...
- Big part of petroleum cess used for free vaccine, poor and various developmental schemes: Hardeep PuriThe government has justified high level of taxation on auto fuels suggesting that revenue from petroleum sector is important for running va...
- Nagaland impose Covid-19 cess on petrol and diesel salesWhile Nagaland is the first state to impose a Covid-specific cess, Assam recently increased taxes on petrol by Rs 6 and on diesel by Rs 5, ...
- Nagaland levies COVID-19 cess of Rs 5 per litre for diesel and Rs 6 for petrol and motor spiritThis notification shall come into force with effect from midnight of April 28.
- COVID-19 impact: Oil, gas companies seek tax cuts, end to price controlsOil and gas producers want the government to cut and defer taxes on output and end all price controls on domestic natural gas to help compa...
- Abolished various cesses via budgets to pave way for GST: GovernmentHowever, seven cesses will continue to be levied under the Goods and Services Tax regime since they pertain to customs or goods which are n...
- Coal India asks government to levy environment tax on pet cokePetroleum coke is a high calorific value solid fuel and extensively used for power generation in various countries.
- Dharmendra Pradhan favours crude cess reduction, says talking to Finance MinistryThe Petroleum Ministry is talking to the Finance Ministry on reducing the cess that the industry has been seeking since the steep fall in c...
- Budget 2015 proposes doubling of coal cess, may add to electricity tariffThe government proposed to double the clean energy cess on coal to Rs 200 per tonne, in a move which could raise power tariffs.
- Finance Ministry not parting with cess for developing oil sectorRs 118,500 cr cess on the output of crude oil and natural gas in 3 decades, but not even 1% of this could be utilised for developing the se...
- Petrol to be dearer by 20 paise in Goa on green cess: ParrikarPetrol prices in Goa will shoot up by 20 paise once the green cess announced by the state government in Budget 2013-14 comes into force.
- ONGC wants Centre to offset additional cess on crudePSU oil major, Oil and Natural Gas Corp (ONGC), today said that it has appealed the government to offset the additional cess on crude.
- Union Budget 2012-13: BSE Oil & Gas sector slips over 2%; ONGC, Cair India tanksBSE oil & gas index drifted lower on Friday after the Finance Minister announced cess on crude petroleum oil products.
- Fuel subsidies may hijack oil cess, hurting fertiliser sectorWith the global crude oil prices moving towards $150-per-barrel mark, the government is considering using Rs 72,750-crore oil industry deve...
- Govt may use oil cess to cut losses of cosFunds collected through the oil industry development cess is likely to be used for minimising oil marketing companies’ (OMCs) losses on acc...
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