Centre to hike excise duty on petrol and diesel by Rs 8 per litre each

The digital tax at the rate of 2% may particularly come as a setback to Chinese e-commerce players like AliExpress, Shein, and Club Factory selling in India

With an aim to widen the tax net and plug evasion, Finance Minister Nirmala Sitharaman on Monday took authorisation to hike excise duty on petrol and diesel by Rs 8 per litre, besides imposing a digital tax on foreign e-commerce players.

The digital tax at the rate of 2 per cent may particularly come as a setback to Chinese e-commerce players like AliExpress, Shein, and Club Factory selling in India. 

A provision for this in the Finance Bill was among the more than 40 changes in the Finance Bill, introduced in the Lok Sabha. It was passed without a discussion.