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excise duty
EXCISE DUTY NEWS
Alcohol industry asks Maharashtra govt to rethink excise duty hike, calls for deliberations
June 15, 2025 2:04 pm
The Confederation of Indian Alcoholic Beverage Companies (CIABC) says the excise duty hike could jack up retail prices by as much as 85% and end up creating a vacuum for illegal operators in Maharashtra.
Huge cache of ‘illegal’ liquor recovered from chicken shop in Mohali
May 24, 2025 9:29 am
The investigation, police claimed, revealed that the owner of the chicken shop, Rakesh Kumar, alias Mickey, was illegally selling and supplying liquor, particularly after midnight.
Punjab finance secretary raises alarm as revenue from GST, excise dips
May 17, 2025 12:45 pm
Punjab collected Rs 1,587 crore in GST in April this year, compared to Rs 2,112 crore last year. The collection from state excise also registered a negative growth of 21 per cent.
Petrol, diesel excise duty hike, cooking gas price increase expected to help oil companies recoup heavy losses on LPG sales, says Petroleum Minister Puri
April 07, 2025 7:15 pm
Excise duty on petrol, diesel hiked by Rs 2/litre, LPG prices up by Rs 50/14.2-kg cylinder.
Before SC's 9-judge bench, question of whether states can levy excise duty on industrial alcohol
April 05, 2024 12:09 pm
Essentially, the question before the apex court is whether states can regulate industrial alcohol or whether the Centre exercises exclusive control on the subject.
Centre cuts windfall tax on petroleum crude oil to Rs 4,100 per tonne
May 02, 2023 8:57 am
The government has scrapped the windfall tax on petrol, diesel and aviation turbine fuel at zero.
Centre reimposes windfall tax on crude oil, at Rs 6,400 per tonne; scraps duty on diesel
April 19, 2023 10:11 am
The windfall tax on petrol and aviation turbine fuel (ATF) continues to be zero.
Cut excise duty on CNG till gas is included in GST: Kirit Parikh panel
December 06, 2022 4:34 pm
Natural gas is currently outside the ambit of GST, and existing legacy taxes -- central excise duty, state VAT and central sales tax -- continue to be applicable on the fuel.
Punjab govt pulls down liquor prices to push up revenue
June 09, 2022 3:15 pm
The Punjab Cabinet Wednesday gave its nod to the first excise policy of the Aam Aadmi Party (AAP) government in the state. The quota of Punjab medium liquor (PML), however, remains the same as last fiscal year at 6.03 crore proof litres for nine months, from July 1, 2022, to March 31, 2023. In case of PML, a case of 12 bottles carries 4.5 proof litres of liquor.
P Chidambaram writes: Rob Peter more, pay Peter less
May 29, 2022 9:25 am
P Chidambaram writes: Exhorting the states to cut VAT on petrol and diesel is akin to asking the states to beggar themselves: they will go broke and be obliged to borrow more or carry a begging bowl to the Centre for more grants-in-aid.
EXCISE DUTY VIDEOS
Tax proposals to provide relief to taxpayers: Arun Jaitley (Part 3)
February 29, 2016 4:47 pm
New Delhi, Feb 29 (ANI): Finance Minister Arun Jaitley said that tax proposals will provide relief to small taxpayers through rebates. People who do not have any house of their own and don't get any house rent allowance from their employer will get a reduction of Rs.24000 per annum. There would be an increase in limit of deduction in respect of rent paid from Rs 24000 pa to Rs 60000 pa. Jaitley also said that service tax would be exempted for general insurance schemes under Niramayi Swasthya Bima Yojna. He said that to lessen burden on individuals with income not exceeding Rs. 5 lakh, a proposed ceiling of tax rebate under sec 87A from Rs 2000 to Rs 5000 has been announced. The minister also said that a limited tax compliance window from Jun 1 - Sep 30 will be given for declaring undisclosed income at 45% inclusive of surcharge and penalties. He further added that excise duty on tobacco products would be raised by 10-15%. He also proposed to abolish 13 different taxes levied by various Ministries in which revenue collection is less than Rs 50 crores per year. Arun Jaitley even said that relief would be provided to differently-abled people on braille paper by exempting the duty levied on it. He also said that there would be no change in Income Tax slab.
Tax proposals to provide relief to taxpayers: Arun Jaitley (Part 1)
February 29, 2016 4:45 pm
New Delhi, Feb 29 (ANI): Finance Minister Arun Jaitley said that tax proposals will provide relief to small taxpayers through rebates. People who do not have any house of their own and don't get any house rent allowance from their employer will get a reduction of Rs.24000 per annum. There would be an increase in limit of deduction in respect of rent paid from Rs 24000 pa to Rs 60000 pa. Jaitley also said that service tax would be exempted for general insurance schemes under Niramayi Swasthya Bima Yojna. He said that to lessen burden on individuals with income not exceeding Rs. 5 lakh, a proposed ceiling of tax rebate under sec 87A from Rs 2000 to Rs 5000 has been announced. The minister also said that a limited tax compliance window from Jun 1 - Sep 30 will be given for declaring undisclosed income at 45% inclusive of surcharge and penalties. He further added that excise duty on tobacco products would be raised by 10-15%. He also proposed to abolish 13 different taxes levied by various Ministries in which revenue collection is less than Rs 50 crores per year. Arun Jaitley even said that relief would be provided to differently-abled people on braille paper by exempting the duty levied on it. He also said that there would be no change in Income Tax slab.
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