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Nov 07, 2015, 11:03 AM IST
Excise duty on petrol hiked by Rs 1.6/litre, diesel by 40 paisa
The government Friday night hiked excise duty on petrol by Rs 1.60 per litre and the same on diesel by 40 paisa a litre to mop up additional revenue to meet budgetary targets.
Nov 07, 2015, 02:02 AM IST
High indirect tax revenue reflects robust growth: CEA
Growth in collection of indirect taxes in the first half of the current fiscal shows robust GDP expansion, Chief Economic Advisor Arvind Subramanian has said.
Oct 10, 2015, 20:25 PM IST
Petrol, diesel contribute Rs 30K cr additional excise in April-August
Additional revenue initiatives have yielded rich dividend for the government as it has mopped up an extra Rs 36,500 crore in excise collections from April- August, with bulk of the amount coming from petroleum sector.
Sep 20, 2015, 12:46 PM IST
Govt not to hike excise duty on petrol, diesel
The government had in four installments raised excise duty on petrol and diesel between November and January to take away the reduction in retail rates that was warranted from falling international oil prices.
Aug 20, 2015, 19:52 PM IST
Excise collection on petrol, diesel up 50% at Rs 74.5K cr
Excise duty collection on petrol and diesel jumped over 50 percent in 2014-15 to Rs 74,465 crore as the government on multiple occasions raised tax rates to shore up its revenues.
May 08, 2015, 18:00 PM IST
ITC to hike cigarette prices by up to 15%
Leading conglomerate ITC will soon increase prices of cigarette brands like Classic and Gold Flake Kings by up to 15 per cent per pack following the hike in excise duty on cigarettes in the Budget 2015-16.
Mar 13, 2015, 16:45 PM IST
ITC shares tumble 5% as govt hikes excise duty on cigarettes
Shares of ITC today plunged 5 percent after government raised excise duty on cigarettes.
Mar 02, 2015, 22:26 PM IST
Consumers were benefitted first; petrol excise duty came later: OilMin
Under attack for hiking excise duty on petrol and diesel, government today said the step was taken to save money for developmental works after "substantial" benefits of reducing global crude prices were passed on to consumers by effecting price cuts.
Feb 25, 2015, 17:28 PM IST
Excise duty hike on petrol, diesel to yield Rs 20,250 crore more
Government will raise additional revenue of Rs 20,250 crore through hike in excise duty on petrol and diesel announced since November in 2014-15 financial year, Parliament was informed Tuesday.
Feb 24, 2015, 20:18 PM IST
Maintain customs, excise, service tax rates in Budget: CII
The rates of service tax, central excise and customs duties be maintained at the current level in the Budget in order to aid the success of the 'Make in India' initiative, industry body CII has said.
Feb 08, 2015, 14:24 PM IST
Auto industry body wants excise duty reduction in Budget
Automobile industry body SIAM wants Finance Minister Arun Jaitley to reduce excise duty on automobiles in the upcoming Budget to help the sector combat demand slowdown.
Feb 08, 2015, 11:13 AM IST
Excise hike hits car sales in January; Maruti, Hyundai post single digit growth
Hit by price hikes following withdrawal of excise duty concessions, car sales in India began on a tepid note this year with main players Maruti Suzuki and Hyundai posting single digit growth in January, while others like GM India and Ford saw decline in sales.
Feb 02, 2015, 20:50 PM IST
Maruti, Hyundai, GM hike prices by up to Rs 1.27 lakh
Leading manufacturers Maruti Suzuki, Hyundai and General Motors Tuesday hiked car prices by up to Rs 1.27 lakh, within days of the government's withdrawal of excise duty concessions.
Jan 06, 2015, 21:10 PM IST
Excise duty on petrol, diesel hiked; no change in retail price
The oil firms had yesterday skipped cutting rates of the two fuels that had become necessary as international oil rates plunged to their lowest level since May 2009.
Jan 01, 2015, 20:30 PM IST
Govt raises excise duty on petrol, diesel by Rs 2 per litre
The government on Thursday hiked the excise duty on petrol and diesel by Rs 2 per litre.
Jan 01, 2015, 19:54 PM IST
Durables makers want reduced excise duty beyond Dec 31
Consumer durables industry wants the government to extend the reduced excise duty beyond December 31, stating a higher tax could lead to increased product prices that may affect already sluggish sales.
Dec 28, 2014, 14:37 PM IST
Odisha raises VAT on petrol, diesel
Petrol and diesel in Odisha will now cost more by Rs 1.49 per litre and Rs 1.33 per litre respectively with the state Cabinet on Wednesday deciding to increase the VAT to 23 percent from the current 20 percent.
Dec 24, 2014, 23:08 PM IST
Wait till Dec 31: Jaitley on extension of auto excise sop
The previous UPA government had cut excise duty on cars, SUVs and two-wheelers in the Interim Budget in February to help the industry tide over a demand slump.
Dec 24, 2014, 17:48 PM IST
States oppose Centre's revised GST draft
States have opposed the Centre's revised GST draft, Chairman of Empowered Committee of State FMs said on Thursday.
Dec 11, 2014, 15:04 PM IST
