Latest News on Excise Duty
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Excise Duty - Total results - 137
Feb 01, 2019
Direct tax collection exceeds target in FY19, pegged at Rs 13.80 lakh cr in FY20; mop-up from customs crosses targetAs per the 2019-20 Budget estimates, out of the Rs 13.80 lakh crore direct taxes, the government aims to raise Rs 7.60 lakh crore from corporate tax and Rs 6.20 lakh crore from PIT.
Jan 14, 2019
Fiscal deficit target of 3.3% for 2018-19 could be a challenge, likely to be breached, say expertsGovernment's fiscal deficit touched 114.8% of the full-year estimates at the end of November
Jan 08, 2019
GST, excise, service tax evasion of Rs 48,555 cr detected during April-DecemberGST, central excise and service tax evasion detected during the April-December period of the current financial year stood at Rs 48,555 crore, the highest in two years.
Jan 02, 2019
Oil firms not to recoup losses arising from Re 1/litre subsidy on petrol, diesel; suffer losses of about Rs 4,500 crPetrol prices, which have been on a decline since 18 October except for one day, are at their lowest level in almost 13 months.
Dec 27, 2018
GST: Focus shifts to enforcement, returns, refund simplification; more exemption for MSMEs likely in next meetA simplified GST returns forms will be launched on a trial basis in April 2019 and will be made mandatory from July on wards.
Dec 03, 2018
Revenue secretary Ajay Bhushan Pandey says excise duty hike on petroleum products needs 'analysis'In face of mounting public pressure, the Centre had in October cut excise duty by Rs 1.50 per litre on both petrol and diesel
Nov 28, 2018
Petrol price slips below Rs 74-mark in Delhi for first time since April; six-week long rate cut wipes off all fuel hikesPetrol price in Delhi was cut by 50 paisa to Rs 73.57 per litre, according to a price notification issued by state-owned fuel retailers. This is the lowest petrol price since April.
Oct 18, 2018
Fuel prices drop for second day in a row across 4 metros; petrol down by 24 paise, diesel 11 paise per litre in MumbaiAfter Thursday's fall of 21 paise in petrol prices, it was further slashed by another 24 paise in Mumbai to Rs 87.84 per litre. Diesel prices dropped by 11 paise to Rs 79.13 per litre on Friday.
Oct 16, 2018
Dealers in national capital to shut petrol pumps on 22 October in protest against Delhi govt's refusal to cut VATDelhi Petrol Dealers Association (DPDA) on Monday said all 400-odd petrol pumps in the national capital will remain closed on 22 October in protest against the Delhi government's refusal to cut VAT on petrol and diesel.
Oct 11, 2018
Airline stocks fly high, gain up to over 7% after government cuts excise duty on jet fuelShares of InterGlobe Aviation (IndiGo) zoomed 7.44 percent, Jet Airways soared 4.70 percent and SpiceJet 4.69 percent on BSE.