Page 7 - Latest Updates on Excise Duty
Customs, excise mop-up likely to see Rs 1-trillion shortfall in FY23
Duty cuts on edible oil, petro products to blame; may not hit overall collection
 "Customs, excise mop-up likely to see Rs 1-trillion shortfall in FY23")
Sisodia leaves CBI HQ after 9-hr questioning,claims 'was asked to quit AAP'
Sisodia alleged that the case against him was intended not to probe any scam but to 'make Operation Lotus successful in Delhi'
 "Sisodia leaves CBI HQ after 9-hr questioning,claims 'was asked to quit AAP'")
Excise policy scam: CBI summons Manish Sisodia for questioning on Monday
CBI has summoned Delhi Deputy CM Manish Sisodia on Monday for questioning in connection with alleged corruption in the formulation and implementation of the excise policy for the national capital
 "Excise policy scam: CBI summons Manish Sisodia for questioning on Monday")
Over 5,500 litres of smuggled illicit liquor destroyed: Delhi excise dept
The Excise department of Delhi government on Saturday destroyed 5,516 litres of smuggled illicit liquor seized by its enforcement teams in recent months, officials said.
 "Over 5,500 litres of smuggled illicit liquor destroyed: Delhi excise dept")
Delhi Excise policy case: ED raids 25 new locations in national capital
The Enforcement Directorate (ED) raided at least 25 locations in the national capital as part of its ongoing money laundering investigation into the now-scrapped Delhi Excise policy, officials said
 "Delhi Excise policy case: ED raids 25 new locations in national capital")
Delhi's new excise policy likely to be delayed as committee seeks more time
The Delhi government's new excise policy (2022-23) is likely to be delayed as a high-level committee formed to frame its broad outlines has sought more time to submit its report, officials have said
 "Delhi's new excise policy likely to be delayed as committee seeks more time")
Taxes to come to govt's aid, achieve 6.4% fiscal deficit goal for FY23
Centre has already collected half the targeted revenue in the first six months of the current financial year even as customs and excise duty collection figures are yet to come in
 "Taxes to come to govt's aid, achieve 6.4% fiscal deficit goal for FY23")
ED conducts fresh raids at 35 locations in Delhi excise policy case
The ED on Friday launched fresh raids in connection with its money laundering investigation into alleged irregularities in the now-scrapped Delhi excise policy, official sources said
Delhi govt earns Rs 768 crore revenue in one month under old excise policy
The Delhi government earned a revenue of Rs 768 crore in one month under the old excise policy regime implemented from September 1, officials said on Friday
 "Delhi govt earns Rs 768 crore revenue in one month under old excise policy")
Delhi Excise policy case: ED arrests businessman Sameer Mahendru
The Enforcement Directorate (ED) arrested businessman Sameer Mahendru, one of the prime accused in Delhi's excise scam case involving Deputy Chief Minister Manish Sisodia
 "Delhi Excise policy case: ED arrests businessman Sameer Mahendru")
In fresh attack over excise case, BJP links liquor trader with Kejriwal
The BJP claimed that a person close to AAP leadership was awarded liquor contract under its now-withdrawn excise policy, in a fresh attack on Delhi CM Arvind Kejriwal over the alleged excise row
 "In fresh attack over excise case, BJP links liquor trader with Kejriwal")
Disclosing end-use of goods must while claiming concessional import duties
Move aimed at enabling tracking of goods to ensure they don't end up in replacement market
 "Disclosing end-use of goods must while claiming concessional import duties")
Windfall profit taxes are pure economic populism and thus bad policy
Germany's government just became the latest to ingratiate itself with angry voters by promising a windfall tax on energy companies
 "Windfall profit taxes are pure economic populism and thus bad policy")
Delhi govt to open 500 liquor stores as old excise duty policy returns
Under the Excise Policy-2021, Delhi government withdrew itself from the liquor sale business and allowed the issuance of L-1 licences for 849 private retail liquor vendors through open bidding.
 "Delhi govt to open 500 liquor stores as old excise duty policy returns")
What changes can consumers expect in Delhi after change in liquor policy?
From September 1, private liquor vendors in New Delhi and the national capital region (NCR) will shut down their stores and state government will regain control
 "What changes can consumers expect in Delhi after change in liquor policy?")
300 liquor stores, 4 microbreweries: Host of changes for tipplers in Delhi
Delhi is set to return to the old liquor excise policy regime, which includes opening 300 new liquor shops, and four microbreweries in the city
 "300 liquor stores, 4 microbreweries: Host of changes for tipplers in Delhi")
Diesel export falls 11%, petrol 4.5% in July on levy of windfall profit tax
India's diesel exports fell by 11 per cent in July and overseas shipment of petrol dropped by 4.5 per cent after the government slapped a windfall profit tax on such sales, official data showed
 "Diesel export falls 11%, petrol 4.5% in July on levy of windfall profit tax")
Why states are unwilling to take lessons from Delhi liquor excise saga
The controversy in Delhi reflects the enduring importance of this revenue source for state exchequers
 "Why states are unwilling to take lessons from Delhi liquor excise saga")
AAP ignored excise policy violations, expert committee recommendations: BJP
BJP stepped up attack on the AAP, claiming its government in Delhi ignored the violations of the excise policy and recommendations of an expert committee
 "AAP ignored excise policy violations, expert committee recommendations: BJP")
Providing HSN code responsibility of bidder, not tendering authority: SC
Apex court says it is the bidders' responsibility to find out the relevant HSN code
 "Providing HSN code responsibility of bidder, not tendering authority: SC")
