Excise Duty Hike

Mercedes to hike prices by 4% from 22 Jan to offset excise duty hike

German luxury car maker Mercedes-Benz will increase prices of its products in India by 4 percent across models from 22 January to offset impact of higher excise duty, post withdrawal of concessions by the government.

Goa imposes 5% VAT on petrol to match diesel prices

Govt defends decision to raise excise duty on fuel, TMC raises issue in Parl

The TMC today protested against the governments decision to hike excise duty on petrol and diesel for the second time in the last four month.

Govt may earn more than Rs 1,800 cr from mobile tax hike next fiscal

The government’s decision to hike the excise duty on phones priced above Rs 2,000 is going to fetch it a lot of money in the coming financial year.