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Excise Duty

Aug 26, 2016 at 21:40 | Source: PTI
Government today notified excise duty of 2 per cent for jet fuel purchased from airports that come under the regional connectivity scheme, which seeks to make flying more affordable.
Aug 24, 2016 at 09:36 | Source: PTI
Veeramani said though global crude prices had fallen over the past two years, the Centre had "increased many times" the excise duty on petroleum fuel.
Aug 23, 2016 at 08:34 | Source: PTI
In June 2015, sugar mills were exempted from excise duty of 12.36 per cent on ethanol produced in the 2015-16 season (October- September) and supplied to oil companies. But the duty exemption was withdraw on August 10.
Aug 12, 2016 at 14:11 | Source: Moneycontrol.com
The excise duty of 12.36 percent on ethanol from molasses was withdrawn for the 2015-16 season to provide relief to cash strapped sugar mills, which owed Rs 20,000 crore to cane farmers.
Aug 12, 2016 at 07:38 | Source: PTI
The cotton value chain is currently attracting zero central excise duty, unlike the man-made fibre sector, where the fibre attracts excise duty at the manufacturing stage, ICRA said.
Aug 09, 2016 at 20:10 | Source: PTI
Indirect tax collections rose by 29.9 percent during April-July period of the current fiscal to Rs 2,71,719 crore, mainly due to impressive growth in central excise duty mop-up.
Aug 08, 2016 at 19:19 | Source: Moneycontrol.com
A fundamental shift from the current indirect tax system to the GST regime should have a positive impact on pricing of the product, subject to the decision of GST rate of the products.
Aug 07, 2016 at 12:40 | Source: PTI
Tax experts claim that the current practice of tax on tax -- for example, VAT being charged on not just the cost of production but also on the excise duty that is added at the factory gate leading to cost build-up -- will go once GST is rolled out.
Aug 04, 2016 at 12:19 | Source: Housing.com/news
The Goods and Services Tax (GST), is a comprehensive indirect tax on the sale, manufacture and consumption of different kinds of goods and services throughout India, with all other central and state taxes intended R
Jul 29, 2016 at 17:28 | Source: PTI
In a written reply to a question in the Lok Sabha, Minister of State for Finance Santosh Kumar Gangwar said the collections from additional duty of excise on petrol stood at Rs 17,217 crore and that of high speed diesel oil at Rs 52,592 crore during fiscal year 2015-16. This takes the total to Rs 69,863 crore.
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Wire News

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Government today notified excise duty of 2 per cent for jet fuel purchased from airports that come under the regional connectivity scheme, which seeks to make flying more affordable.

9.40 PM Aug 26th

KD RESERCH

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On 14 February 2013, investors` focus will shift to expectations from Union Budget 2013-14 to be presented to the Parliament on 28 February 2013. Investors will focus on changes, if any, in excise duty and service tax in the Budget. It remains to be seen if the government announces measures

11.05 PM Feb 8th 2013

REVPAT

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K P R Mill  

KPR Nine monthly = sales 1070 Cr.(net of excise duty) and operating Profit is 278 Cr. The Interest Provision is 65 Cr. So PBDT remains 213 Cr. Here interest burden is 23 % of operating profit. Thus the Company has good Debt serving capacity !! Huge debt with interest

1.37 PM Feb 8th 2013

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Source:Economic Times - (##include msid=2459375,type=9 ##) NEW DELHI: The Indian tax authorities have sent sternly-worded letters asking several companies to explain lower payment of excise duty and service tax, belying hopes of a non-adversarial tax administration promised by Finance Minister P

2.22 PM Feb 6th 2013

ashnep

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Indian indices  

at Indian ports and also pay VAT/CST at the rate of 2 to 5 per cent on purchase of crude oil from domestic producers which is not a pass through. It said for additional resources, the governmnt can consider raising excise duties which are a direct pass through. Oil Min to go to Cabinet on gas pricing

11.52 PM Feb 5th 2013

Bull2011

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IOC  

product (petrol and diesel) (2.5% present) is also abolished, there were be no margin protection left to the refineries who included the element of margin to make up for excise duty, freight, Central Sales Tax (CST) and other charges.

8.55 PM Feb 5th 2013

Bull2011

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BPCL  

product (petrol and diesel) (2.5% present) is also abolished, there were be no margin protection left to the refineries who included the element of margin to make up for excise duty, freight, Central Sales Tax (CST) and other charges.

8.47 PM Feb 5th 2013

Bull2011

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HPCL  

product (petrol and diesel) (2.5% present) is also abolished, there were be no margin protection left to the refineries who included the element of margin to make up for excise duty, freight, Central Sales Tax (CST) and other charges.

8.45 PM Feb 5th 2013

KotakInvest
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Economy  

Views : " An increment in exemption limit of service Tax, Excise duty etc. will help small business to improve profitability. Comment : Would you please justify , concept of "SERVICE TAX" in India ? It is totally unethical tax.. This FM is sucking money from hard working small as well as middle

11.05 AM Feb 5th 2013

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Source:Economic Times - NEW DELHI: The government is taking a fresh look at exemptions in excise duty and services tax this Budget to prepare the ground for the roll out of goods and services tax (GST) by December this year. If implemented, this could mean a more expensive grocery bill as a host

4.22 PM Feb 4th 2013

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