Higher Excise Duty
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Greater Russian Crude Imports To Insulate Oil Companies From Price Freeze: Fitch
Higher than usual imports of Russian oil at significant discounts to market prices may limit near-term working capital needs of fuel retailers
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Centre Earned Rs 26 Lakh Crore From Excise Duty In 8 Years: Ashok Gehlot
As PM Narendra Modi flagged higher fuel prices in many opposition-ruled states including Rajasthan, CM Ashok Gehlot said the PM "by mistake instead of saying Bhopal, mentioned Jaipur" as petrol and diesel cost more in BJP-ruled Madhya Pradesh.
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Petrol, Diesel Prices Cut A Day After Excise Duty Hike
Industry sources quoted by news agency PTI said the reduction in rates would have been higher but for the Rs 3 per litre increase in excise duty effected on Saturday. Oil companies, they said, had been moderating reduction warranted in retail prices in anticipation of an excise duty hike. The gains they thus accumulated were adjusted against the pr...
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Difficult To Keep To GST Rate If Luxury Items Excluded: Jaitley
Jaitley has earlier said an 18 percent cap on the GST rate as suggested by the Congress party would result in a flawed system as it could lower duties on a host of "sin" products and luxury items that should attract higher taxes.
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No Hike in Petrol, Diesel Prices Despite Higher Excise Duty
Petrol and diesel prices will not be increased following government's decision to hike excise duty by Rs 1.60 per litre and 40 paise a litre respectively as state-owned oil companies have decided to absorb the raise for the time being.
-
No Hike in Petrol, Diesel Prices Despite Higher Excise Duty
Petrol and diesel prices will not be increased following government's decision to hike excise duty by Rs 1.60 per litre and 40 paise a litre respectively as state-owned oil companies have decided to absorb the raise for the time being.
-
Indirect Tax Collection Growth Shows Economy Improving: Arvind Subramanian
Indirect tax revenue jumped over 37 per cent to over Rs 2.1 lakh crore in April-July of the current fiscal on the back of higher excise duty mop-up.
-
Fuel for Aircrafts Costs Less Than Petrol & Diesel
Aviation Turbine Fuel (ATF), used in aircraft, costs less than petrol and diesel as the common man auto fuels attract higher excise duty levy.
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ATF Costs Less Than Petrol, Diesel: Oil Minister
Aviation turbine fuel (ATF), used in aircraft, costs less than petrol and diesel as the common man auto fuels attract higher excise duty levy, Oil Minister Dharmendra Pradhan said on Wednesday.
-
Maruti, Tata Motors Post Higher Sales Despite Duty Hike
Despite a hike in excise duty, some automakers posted higher sales in January. Maruti Suzuki India, the country's largest carmaker, posted an over 9 per cent year-on-year surge in domestic sales.
-
Mercedes-Benz India to Hike Prices by 4 Per Cent
German luxury car maker Mercedes-Benz will increase prices of its products in India by 4 per cent across models from January 22 to offset impact of higher excise duty, post withdrawal of concessions by the government.
-
Maruti to Hike Car Prices By 4% to Offset Higher Taxes
The company was planning to increase prices this year to offset rising input costs, but the decision has been deferred because higher excise duty rates have already pushed up prices and another hike would further impact the market, a top official said.
-
Higher Excise Duty to Hit Demand, Industrial Growth: Assocham
The Associated Chambers of Commerce of India (Assocham) on Wednesday said the withdrawal of excise duty concessions for cars and durable goods will spell a death knell for industrial growth and the decision was not in the spirit of Make in India.
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Durables Makers Want Reduced Excise Duty After December 31
Consumer durables industry wants the government to extend the reduced excise duty beyond December 31, stating a higher tax could lead to increased product prices that may affect already sluggish sales.
-
BPCL Slumps on Petrol, Diesel Excise Duty Hike
Shares in state-run oil marketing (OMCs) companies fell sharply because higher duties are unlikely to be passed on to consumers. That means state-run refiners may witness pressure on their margins. OMCs are also likely to put off a cut in the retail prices if crude continues to weaken in future.
-
Greater Russian Crude Imports To Insulate Oil Companies From Price Freeze: Fitch
Higher than usual imports of Russian oil at significant discounts to market prices may limit near-term working capital needs of fuel retailers
-
Centre Earned Rs 26 Lakh Crore From Excise Duty In 8 Years: Ashok Gehlot
As PM Narendra Modi flagged higher fuel prices in many opposition-ruled states including Rajasthan, CM Ashok Gehlot said the PM "by mistake instead of saying Bhopal, mentioned Jaipur" as petrol and diesel cost more in BJP-ruled Madhya Pradesh.
-
Petrol, Diesel Prices Cut A Day After Excise Duty Hike
Industry sources quoted by news agency PTI said the reduction in rates would have been higher but for the Rs 3 per litre increase in excise duty effected on Saturday. Oil companies, they said, had been moderating reduction warranted in retail prices in anticipation of an excise duty hike. The gains they thus accumulated were adjusted against the pr...
-
Difficult To Keep To GST Rate If Luxury Items Excluded: Jaitley
Jaitley has earlier said an 18 percent cap on the GST rate as suggested by the Congress party would result in a flawed system as it could lower duties on a host of "sin" products and luxury items that should attract higher taxes.
-
No Hike in Petrol, Diesel Prices Despite Higher Excise Duty
Petrol and diesel prices will not be increased following government's decision to hike excise duty by Rs 1.60 per litre and 40 paise a litre respectively as state-owned oil companies have decided to absorb the raise for the time being.
-
No Hike in Petrol, Diesel Prices Despite Higher Excise Duty
Petrol and diesel prices will not be increased following government's decision to hike excise duty by Rs 1.60 per litre and 40 paise a litre respectively as state-owned oil companies have decided to absorb the raise for the time being.
-
Indirect Tax Collection Growth Shows Economy Improving: Arvind Subramanian
Indirect tax revenue jumped over 37 per cent to over Rs 2.1 lakh crore in April-July of the current fiscal on the back of higher excise duty mop-up.
-
Fuel for Aircrafts Costs Less Than Petrol & Diesel
Aviation Turbine Fuel (ATF), used in aircraft, costs less than petrol and diesel as the common man auto fuels attract higher excise duty levy.
-
ATF Costs Less Than Petrol, Diesel: Oil Minister
Aviation turbine fuel (ATF), used in aircraft, costs less than petrol and diesel as the common man auto fuels attract higher excise duty levy, Oil Minister Dharmendra Pradhan said on Wednesday.
-
Maruti, Tata Motors Post Higher Sales Despite Duty Hike
Despite a hike in excise duty, some automakers posted higher sales in January. Maruti Suzuki India, the country's largest carmaker, posted an over 9 per cent year-on-year surge in domestic sales.
-
Mercedes-Benz India to Hike Prices by 4 Per Cent
German luxury car maker Mercedes-Benz will increase prices of its products in India by 4 per cent across models from January 22 to offset impact of higher excise duty, post withdrawal of concessions by the government.
-
Maruti to Hike Car Prices By 4% to Offset Higher Taxes
The company was planning to increase prices this year to offset rising input costs, but the decision has been deferred because higher excise duty rates have already pushed up prices and another hike would further impact the market, a top official said.
-
Higher Excise Duty to Hit Demand, Industrial Growth: Assocham
The Associated Chambers of Commerce of India (Assocham) on Wednesday said the withdrawal of excise duty concessions for cars and durable goods will spell a death knell for industrial growth and the decision was not in the spirit of Make in India.
-
Durables Makers Want Reduced Excise Duty After December 31
Consumer durables industry wants the government to extend the reduced excise duty beyond December 31, stating a higher tax could lead to increased product prices that may affect already sluggish sales.
-
BPCL Slumps on Petrol, Diesel Excise Duty Hike
Shares in state-run oil marketing (OMCs) companies fell sharply because higher duties are unlikely to be passed on to consumers. That means state-run refiners may witness pressure on their margins. OMCs are also likely to put off a cut in the retail prices if crude continues to weaken in future.
