Page 9 - Latest Updates on Excise Duty
PM talked about VAT on fuel by states, didn't mention govt excise: Gehlot
Gehlot claimed Centre has earned about Rs 26 trn from excise duty in 8 years which, he said, is the highest amount earned by any dispensation in history of the country by imposing tax on petrol-diesel
 "PM talked about VAT on fuel by states, didn't mention govt excise: Gehlot")
Reduce VAT on fuel to control prices in national interest: Modi to states
He said the Centre had urged states to reduce taxes and transfer the benefit to the citizens
 "Reduce VAT on fuel to control prices in national interest: Modi to states")
Delhi excise dept allows pvt shops to offer up to 25% discount on liquor
The Delhi government's excise department has allowed private shops to offer up to 25 per cent discount on the maximum retail price (MRP) of liquor.
 "Delhi excise dept allows pvt shops to offer up to 25% discount on liquor")
BJP holds 'referendum' in Delhi against AAP govt's new excise policy
The party collected public feedback by placing specially crafted boxes at 1,120 places across 280 civic wards, said Delhi BJP media head Navin Kumar
 "BJP holds 'referendum' in Delhi against AAP govt's new excise policy")
Delhi govt extends liquor licenses under new policy for two months
In two separate orders, the department stated that the licensees under different categories can pay a pro rata fee for the extended period
 "Delhi govt extends liquor licenses under new policy for two months")
Higher nominal GDP may give Centre a leeway to cut duty on petrol, diesel
Former RBI governor C Rangarajan believes it would be 13 per cent, though his projection came before the war
 "Higher nominal GDP may give Centre a leeway to cut duty on petrol, diesel")
Revenue Secretary Tarun Bajaj on revenue estimates, capital gains etc
Business Standard's Arup Roychoudhury and Asit Ranjan Mishra spoke to Revenue Secretary Tarun Bajaj to know about revenue estimates and recent taxes levied on cryptocurrencies. Let's listen in
 "Revenue Secretary Tarun Bajaj on revenue estimates, capital gains etc")
IndiGo terms Budget 2022 as growth-oriented, expects duty cut on jet fuel
Budget carrier IndiGo termed the Union Budget 2022-23 as "growth-oriented" while expecting a cut in the excise duty on jet fuel.
 "IndiGo terms Budget 2022 as growth-oriented, expects duty cut on jet fuel")
Oil cos likely to absorb Rs 2 per litre excise duty on unblended petrol
Since there is inconsistency in ethanol blending levels across fuel depots, pricing petrol for consumers with the Rs 2 variation on some days is tricky
Excise Policy 2021 to continue beyond March 31, Delhi govt tells HC
The Delhi government informed the Delhi High Court that its Excise Policy of 2021 will continue beyond March 2022 and there will not be any 'new change' in it for the next financial year
 "Excise Policy 2021 to continue beyond March 31, Delhi govt tells HC")
UP govt hikes excise revenue target for FY23 to Rs 41,000 crore
New state excise policy aims to weed out liquor cartels
 "UP govt hikes excise revenue target for FY23 to Rs 41,000 crore")
Public health groups, docs urge govt to hike tobacco products' excise duty
In their appeals to the Finance Ministry, they have sought an increase in excise duty on cigarettes, bidis and smokeless tobacco
 "Public health groups, docs urge govt to hike tobacco products' excise duty")
Govt makes largest-ever payment for slashing oil bond dues
Total interest outgo to top Rs 1.6 trn, against bonds of Rs 1.44 trn since FY10
 "Govt makes largest-ever payment for slashing oil bond dues")
With Delhi's new excise policy in, 194 set to lose jobs
With the discontinuation of Delhi government liquor vends in wake of the new excise policy, 194 outsourced employees hired through (ICSIL), engaged in liquor business have lost their jobs.
 "With Delhi's new excise policy in, 194 set to lose jobs")
Sustainable fuel taxes
India needs a more transparent tax structure
 "Sustainable fuel taxes")
Fuel pump dealers bleed on sudden excise duty cut on petrol, diesel
Dealers earn a commission of Rs 2.58 a litre on diesel and Rs 3.85 a litre on petrol
 "Fuel pump dealers bleed on sudden excise duty cut on petrol, diesel")
Excise duty cut on petrol, diesel could reduce inflation by 30 bps
Petrol's price rise remained elevated even as it moderated to 22.26 per cent in September from 24.01 per cent in the previous month
 "Excise duty cut on petrol, diesel could reduce inflation by 30 bps")
23 states lower VAT rates on petrol, diesel after Centre's excise duty cut
According to an official statement, states that reduced fuel prices the most were Karnataka, followed by Puducherry and Mizoram
 "23 states lower VAT rates on petrol, diesel after Centre's excise duty cut")
Digvijay demands Centre to cut excise duty on fuel prices to 2014 level
Singh on Friday demanded that the Centre should further cut the excise duty on fuel to what it was during the Congress regime in 2014, adding that the move will bring the prices further down by Rs 18
 "Digvijay demands Centre to cut excise duty on fuel prices to 2014 level")
Excise duty cut on fuel 'very sensitive decision by PM': Amit Shah
"It is a confirmation of our charge that fuel prices are high mainly because of high taxes," he said
 "Excise duty cut on fuel 'very sensitive decision by PM': Amit Shah")
