Excise Duty Collection

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  Excise Duty Collections On Fuel Products Rose 33% In First Half of 2021-22

  Excise collections on fuel products in April-September 2021 rose to Rs 1.71 lakh crore from Rs 1.28 lakh crore collected in same period of last year

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  Excise Duty Collections On Fuel Saw 48% Jump During April-July 2021-22

  Excise duty on petroleum products witnessed a jump of 48 per cent during April-July period of 2021-22, as they stood at Rs 1 lakh crore.

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  Excise Duty On Petrol, Diesel Hiked By 43% And 68% In 11 Months

  The Centre collected Rs1,01,598 crore through excise duty on petrol and Rs 2,33,296 crore through excise duty levy on diesel during 2020-21.

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  Excise Duty On Fuel Calibrated To Generate Resources For Infrastructure: Finance Ministry

  Excise duty rates on petrol and diesel have been calibrated to generate resources for infrastructure building and other developmental expenditure, said Minister of State for Finance Pankaj Chaudhary

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  Centre Got Rs 94,181 Crore As Excise Duty Levy On Petrol, Diesel In June Quarter

  The Centre has collected Rs 94,181 crore through excise duty levy on petrol and diesel during the first quarter period of 2021-22.

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  Excise Duty Collections On Petrol, Diesel, Gas Spiralled 96% Since FY14

  According to official figures, the excise duty collection on the three essential commodities was Rs 12,35,870 crore in 2013-14. However by 2020-21 (till January 2021), these collections had gone up to Rs 24,23,020 crore, an increase of 96 per cent over the 2013-14 figures.

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  Coronavirus Pandemic: Government To Increase Excise Duty on Petrol, Diesel To Increase By Up To Rs. 8 Per Litre

  Notably, Rs. 8 per litre hike would be a great move for the government as it would increase its annual excise collection from the sector to Rs. 1,20,000 crore. The increase in petroleum products along with saving over $15-20 billion in oil import bill in the financial year 2021 will ensure enough boost to bring the economy back on the track after n...

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  All You Need To Know About Goods And Services Tax

  The Goods and Services Tax or GST which was implemented in July 2017 subsumed all the central excise duties and local levies.

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  Arun Jaitley Nudges States To Cut Sales Tax On Petrol, Diesel

  A large part of taxes collected on petroleum products goes to states, said the finance minister.

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  Excise Duty Cut on Petrol, Diesel; It's Now Up To States To Reduce Tax, Says Centre

  Finance Minister Arun Jaitley will soon write to all state chief ministers urging them to cut VAT on petrol and diesel, says Oil Minister Dharmendra Pradhan.

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  Tax Collection Has Gone Up After Demonetisation, Says Finance Minister Arun Jaitley: Highlights

  Finance Minister cited robust tax figures to counter naysayers who said that the economy took a big hit after the notes ban. The collection in central excise duty - which related to manufacturing - surged over 31 per cent in December 2016 alone, as compared to the December 2015 figures, he said.

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  Tax Collection Up After Notes Ban, Says Arun Jaitley

  Giving a breakdown of central indirect tax collection, Mr Jaitley said the excise duty collection went up by 43.5 per cent, service tax by 25.7 per cent and customs duties by 5.6 per cent.

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  Indirect Tax Mop-Up Grows 26%, Direct Tax 15% In April-November

  Direct tax mop-up touched Rs 4.12 lakh crore and indirect tax revenue stood at Rs 5.52 lakh crore during April-November, led by robust collections in personal income tax and excise duty, respectively.

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  Indirect Tax Collections Jump 42% In April

  Excise collections soared 70.7 per cent to Rs 28,252 crore in April as compared to Rs 16,546 crore a year ago.

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  Government to Meet Fiscal Deficit Targets: Citi

  The improvement is mainly on account of buoyancy in tax collections