excise duty

Govt hikes excise duty on petrol and diesel by Rs 3 per litre

Excise duty on petrol and diesel was on Saturday hiked by Rs 3 per litre as the government looked to mop up gains arising from fall in international oil prices.

Mar 14, 2020, 10:02 AM IST

Steps to deal with rising petrol, diesel prices likely this week

The government may not rely only on cutting excise duty, which makes up for a fourth of the retail selling price, the official said but did not elaborate.

May 22, 2018, 17:03 PM IST

Budget 2018: Here's what's costlier, what's cheaper

Finance Minister Arun Jaitley’s Union Budget 2018 on Thursday revised excise and customs duties on a number of products, which will make them either cheaper or costly. 

Feb 01, 2018, 15:27 PM IST

Budget 2018: Government cuts excise duty on petrol, diesel by Rs 2

Taking a big decision in the Union Budget 2018, the Narendra Modi government on Thursday decided to cut excise duty on petrol and diesel by Rs 2. With this move, prices of petrol and diesel are expected to come down.

Feb 01, 2018, 14:50 PM IST

Petrol, diesel prices hit highest level since Modi government came to power in 2014

Petrol prices were hiked by 5 paise and diesel prices were raised by 18 paise per litre today according to daily fuel price list of state-owned oil firms.

Jan 24, 2018, 13:12 PM IST

Petrol, diesel prices hit highest level since 2014; Oil Min seeks excise duty cuts

The reduction sought is part of the pre-Budget memorandum submitted by the ministry for the consideration of Finance Minister Arun Jaitley.

Jan 23, 2018, 14:08 PM IST

1.6 lakh new businesses register on GSTN in 4 days

As many as 1.6 lakh businesses that were previously not registered for either VAT, service tax or excise duty have enrolled for Goods and Services Tax (GST) in the past four days.

Jun 29, 2017, 14:57 PM IST

Items getting costlier and cheaper from April 1 – Here's the list

From the next fiscal year, that is from today, a lot of things of your daily needs as well as things of your comfort are going to get dearer.

Apr 01, 2017, 11:40 AM IST

Budget 2017: FM Arun Jaitley may hike service tax to 16-18%

As a precursor to the Goods and Services Tax (GST) rollout, Finance Minister Arun Jaitley is likely to hike service tax to 16-18 percent from the present 15 percent in the upcoming budget.

Jan 29, 2017, 20:13 PM IST

Impact of demonetisation visible, double-digit growth in India's tax collection figures: Arun Jaitley

Union Finance Minister Arun Jaitley on Thursday said that the impact of demonetisation is clearly visible with tax collection figures seeing double-digit growth.

Dec 29, 2016, 17:15 PM IST

Demonetisation: Excise duty exemption on Point of Sale device manufacturing till March 2017

The duty exemption for making PoS devices, which are used for electronic payments at malls and shops, will remain valid till March 31, 2017, government said today.

Nov 29, 2016, 15:30 PM IST

Govt revises excise duty evasion limit to warrant arrest

The government has doubled the limit of excise duty evasion for arrest and prosecution of accused to Rs 2 crore and also asked officials not to resort to penal provision in cases of technical nature.

Oct 11, 2016, 12:25 PM IST

RIL's Hazira plant under lens for alleged excise duty evasion

New Delhi: Reliance Industries Ltd's (RIL) Hazira manufacturing unit in Gujarat has come under the scanner of central revenue authorities for alleged excise duty evasion of at least Rs 25 crore.

Sep 06, 2016, 15:17 PM IST

Jewellers welcome govt decision on excise duty exemption limit

The government's decision to exempt small scale jewellers from excise duty will give a boost to the trade, the gems and jewellery industry said Thursday.


Jul 14, 2016, 20:21 PM IST

Relief to jewellers; SSI exemption limit hiked to Rs 10 crore

In a relief to jewellers, the government increased excise duty exemption limit for small scale industry to Rs 10 crore from Rs 6 crore, waived the levy on sale of traded goods and relaxed various procedural norms.

Jul 13, 2016, 22:47 PM IST

Jewellers call off 42-day strike after govt's assurance

Jewellers in the national capital on Wednesday temporarily called off their 42-day strike, demanding rollback of proposed excise duty on non-silver jewellery, for 12 days after the government's assurance that there will be no harassment by excise officials.

Apr 13, 2016, 16:31 PM IST

Excise duty an assassination attempt on small traders: Rahul Gandhi at Jhaveri Bazar in Mumbai

Jewelers have been on strike since March 2 demanding a rollback of proposed 1 percent excise duty on non-silver jewellery.

Apr 12, 2016, 16:24 PM IST

Jewellers strike goes on for another day

The festival of Gudi Padwa lost some sheen as jewellers' strike stretched for another day demanding rollback of one percent excise duty on non-silver jewellery.

Apr 08, 2016, 15:49 PM IST

No sign of end to jewellers' strike over excise duty

Jewellers, bullion traders and artisans in several parts of the country continued their indefinite strike today demanding rollback of 1 percent excise duty on non-silver jewellery.

Apr 06, 2016, 15:53 PM IST

Jewellers strike enters 34th day against excise duty

A large number of jewellery establishments in the country remained shut for the 34th day today to protest against one per cent excise duty on non-silver jewellery.

Apr 04, 2016, 15:43 PM IST