SENSEX NIFTY

Excise Duty

Feb 28, 2015 at 20:02 | Source: PTI
"The footwear industry is particularly bullish as for shoes having MRP of above Rs 1,000 per pair will now attract half the excise duty by halving the duty from 12 to 6 percent," Liberty Footwear Chief Executive Adesh Gupta said.
Feb 28, 2015 at 17:10 | Source: PTI
Leather footwear priced above Rs 1,000 per pair will cost less as excise duty has gone down to 6 percent from 12 percent earlier. Packaged fruits and vegetables will also become cheaper as pre-cooling, ripening, retail packing and labelling of these items have been exempted from service tax.
Feb 28, 2015 at 16:30 | Source: Moneycontrol.com
An excise duty hike by 15 percent for cigarettes took a toll on index heavyweight ITC, knocking off some 9 percent intraday. Not only that, the government has also proposed an excise duty raise by 25 percent for 65mm cigarettes and on tobacco increased to Rs 70/kg from Rs 60/kg
Feb 28, 2015 at 14:00 | Source: Moneycontrol.com
ITC is down 9 percent on excise duty hike on cigarettes. BHEL is down 5 percent, while NTPC, Hindalco and HDFC are losers in the Sensex.
Feb 28, 2015 at 13:17 | Source: Moneycontrol.com
Auto sales have been under pressure for the last few months with the economy still to show signs of a recovery. The pick-up around the festive season too has not been maintained. Furthermore, the withdrawal of excise cut forced auto makers to increase prices, thereby affecting sales.
Feb 28, 2015 at 13:10 | Source: Moneycontrol.com
ITC is down 8 percent as government has increased excise duty by 15 percent. FMCG index is down 4 percent from previous close. However, HUL is up 2 percent from the FMCG pack. Axis Bank, Tata Motors, Tata Steel and Dr Reddy's Labs are gainers in the Sensex. Among the losers are ITC, NTPC, BHEL, Sesa Sterlite and HDFC.
Feb 28, 2015 at 12:57 | Source: Moneycontrol.com
The government has increased excise duty on cigarettes by 25 percent for cigarette length of less than 65 mm and for other categories it has increased by 15 percent.
Feb 28, 2015 at 12:53 | Source: Moneycontrol.com
ITC is down 8 percent as government has increased excise duty by 15 percent. FMCG index is down 4 percent from previous close. NTPC, BHEL, L&T and Hindalco are major losers.
Feb 28, 2015 at 12:33 | Source: Moneycontrol.com
Relaxo Footwears and Bata India shot up 4-5 percent as government has reduced excise duty on leather footwear.
Feb 28, 2015 at 09:25 | Source: Moneycontrol.com
Shares of ITC declined nearly a percent on Saturday as investors seem to be cautious fearing for an excise duty hike on cigarettes. In an earlier note, Credit Suisse had warned ITC may see de-rating if excise duty on cigarette is hiked over 15 percent indicating headwinds likely to continue for some more years.
Messages on Excise Duty »

TapanV

Silver Member

4 Followers

ITC  

What if excise duty goes up only on tobacoo products other than cigarettes ?

2.37 PM Jul 6th 2014

SATILON

Gold Member

12 Followers

Birla Cotsyn  

agar textile per excise duty aa gai to kya hoga ?

7.35 PM Jul 4th 2014

himanshu406
5

New Member

1 Followers

Budget  

i want reduction in duties on petrol , increase in excise duty on cars , 35 % tax on income above 12 lacs

3.11 PM Jul 3rd 2014

Economy  

why MOF can`t reduce Excise duty/sales taxes on all Petro Products? Why one way showing as tax collections in 1000000 crores and another side as Subsidy ... Reduce tax minmum of 2 to 5% and reduce ALL PETRO PRODCUTS ,in turn benifit by al in all aspects...Transport costs/travelling /rail /air

5.16 PM Jul 1st 2014

MMB Messenger

Platinum Member

277917 Followers

Mah and Mah  

How much would the extension of excise duty cut help auto cos?

3.31 PM Jul 1st 2014

Economy  

we can understand that crude prices go up due to international factors, however govt. can freeze levies like excise duties,taxes,octroi which also goes up.

2.44 PM Jul 1st 2014

tgtejas

New Member

9 Followers

Radico Khaitan  

I am accumulating this stock at these lvls. even if excise duty increase and sales come down in india. prob there is alternate of more sales in abroad. in case of export, there there is no load

6.49 PM Jun 30th 2014

ITC  

forth manufacturing sector with excise duty cuts 6. Results for the coming quarter will show a huge outperformance in all segments 7. There is a near term possibilty of it entering the toothpaste segment 8. People will always smoke

5.12 PM Jun 30th 2014

KD RESERCH

Platinum Member

655 Followers

Reliance  

it is leaked that govt will going to control oil prices by reducing excise duty petrol from 9.42 to 7.42 deisel 3.56 to 2.56 like 2008. so we can see a good run up in this counter .... ie Buy Reliance 1040ce @ 24 SL- 14 Target 35-40-50 see after bad news out stock changed gear up :p

4.17 PM Jun 30th 2014

ITC  

Sell. Modi against tobacco. Incerase in excise duty on cigarettes on card. Volumes will shrink.

1.20 PM Jun 30th 2014

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