revenue impact

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    India Reduces Fuel Taxes, Imposes Export Duty Amid Rising Oil Prices

    New Delhi, March 27 – The government has reduced excise duty on petrol and diesel by ₹10 per litre, averting a retail price hike that had become necessary due to soaring global oil prices.The reduction in special additional excise duty on petrol from ₹13 to ₹3 per litre and on diesel from ₹10...
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    Oil Price Volatility Drives Excise Duty Changes

    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...
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    Petrol, Diesel Excise Duty Reduced Amid Election Cycle

    Bengaluru, March 27 Karnataka Deputy Chief Minister D K Shivakumar said on Friday that the central government's decision to cut excise duty on petrol and diesel was aimed at the upcoming elections.The government has reduced excise duty on petrol and diesel by Rs 10 per litre each, a move aimed...
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