export duty

The government has increased the export duty on diesel from 21.5 rupees per litre to 55.5 rupees per litre. The Ministry of Finance has also announced an increase in the duty on Aviation Turbine Fuel, from 29.5 rupees per litre to 42 rupees per litre. Meanwhile, the export duty on petrol will...

New Delhi, April 11 The government on Saturday increased the export duty, or windfall tax, on diesel to Rs 55.5 per litre and on aviation fuel ATF to Rs 42 per litre.The duty hike will be effective immediately, the finance ministry said in a notification.The government had, on March 26...

New Delhi, April 7 The government is considering a ₹2.5 lakh crore credit guarantee scheme to support businesses, especially MSMEs affected by the West Asia crisis, sources said.Under the scheme, a credit guarantee of about 90 per cent on loans of up to ₹100 crore would be provided to lenders...

New Delhi, March 29 The government may announce more relief packages for vulnerable segments of the economy, including the MSME sector, to help them sustain and keep inflation under control in the domestic market if the West Asia crisis continues, sources said.The government has announced a...

New Delhi, March 29 The Ministry of Civil Aviation is exploring various options to minimize the impact of the West Asia conflict on airlines, including engaging with state governments to reduce taxes on jet fuel.The operational costs of Indian airlines are spiraling due to rising oil prices...

Chandigarh, March 27 Punjab BJP President Sunil Jakhar expressed his gratitude to Prime Minister Narendra Modi on Friday for taking a major decision to provide relief to the general public in view of rising global fuel prices.The excise duty on petrol has been reduced from Rs 13 to Rs 3 per...

In Jammu and Kashmir, Lieutenant Governor Manoj Sinha praised Prime Minister Narendra Modi for his historic decision to protect households from supply disruptions caused by the West Asia crisis. According to a report by Akashvani Jammu, in a post on X, the LG stated, "Prioritizing the well-being...

New Delhi, March 27 Reliance Industries' shares experienced heavy selling on Friday, falling by 4.6 per cent, resulting in an erosion of Rs 87,014 crore in its market valuation, in line with the bearish trend in the stock market.The benchmark stock plummeted 4.55 per cent to close at Rs...

New Delhi, March 27 A reduction in excise duty on petrol and diesel by ₹10 per litre, and an increase in export duty on ATF and diesel, will result in a net revenue loss of ₹5,500 crore in two weeks, a top official said on Friday.Chairman of the Central Board of Indirect Taxes and Customs...

March 27, New Delhi: Vivek Chaturvedi, Chairman of the Central Board of Indirect Taxes and Customs (CBIC), stated that there have been changes in the excise duty on petrol and diesel for domestic consumption. Specifically, the domestic special additional excise component of the current levy on...

New Delhi, March 27 CBIC Chairman Vivek Chaturvedi said on Friday that the government will review the special additional excise duty or windfall tax on diesel and ATF every two weeks.The move to levy special additional excise duty (SAED) is to ensure domestic availability of diesel and ATF...

New Delhi, March 27 – The government has reduced excise duty on petrol and diesel by ₹10 per litre, preventing a price hike that would have resulted from soaring global oil prices.The reduction in excise duty on petrol from ₹13 to ₹3 per litre and on diesel from ₹10 to nil will result in an...

Mumbai, February 27 Maharashtra Minister Jaykumar Rawal said on Friday that the process to clear pending dues for onion procurement is underway, acknowledging that delays in payments had triggered farmer protests in Nashik earlier this year.In a written reply at the legislative assembly...

New Delhi, February 23 The government on Monday halved the rate of duty benefits under the export support scheme, RoDTEP, prompting the exporting community to seek a reconsideration of the decision.The Remission of Duties and Taxes on Exported Products (RoDTEP) Scheme, launched in 2021...