Excise Duty

Rs 1.15 lakh crore hole: What the govt may cut, and what it risks losing

Capex, schemes in focus as revenue hit from duty cuts threatens fiscal math

Govt faces up to Rs 1.2 lakh crore revenue hit in FY27 following petrol, diesel excise cuts

The revenue loss estimate accounts for additional revenue from the windfall tax levied on fuel exports

'Many nations have raised...': BJP leaders welcome fuel excise duty cut, Congress says 'relief only in narrative'

Home Minister Amit Shah welcomed excise duty cut on fuel prices and said it "brings relief to the citizens".

NCCD would continue at existing rates, clarify FinMin sources on excise duty on cigarettes

According to sources, 'The new tax structure on cigarettes will comprise 40% GST + new Central Excise Duty + existing NCCD'

Experts flag ambiguity risks in classification and capacity-based cess under tobacco, pan masala duty framework

Revised excise schedules and Health Security se National Security Cess Bill, 2025 could raise classification, valuation, and compliance challenges, say experts

Centre likely to repeal Excise Act, 1944, in Budget

A new law is likely to replace the Central Excise Act, 1944, introducing a modern framework aligned with GST-style processes for six product categories, including crude petroleum, motor spirit (petrol), high-speed diesel, aviation turbine fuel (ATF), natural gas, and tobacco and tobacco products.

Revenue Secretary Malhotra sees no reason to cut excise on fuel, given global crude prices

According to Revenue Secretary Sanjay Malhotra, the excise duty on petrol and diesel currently is the lowest in several years.

Festive relief on fuel prices unlikely as oil simmers amid conflict

Reversing last week’s downward trend, oil prices jumped more than 4 percent on October 9 on fears that clashes between Israel and Hamas could spread beyond Gaza. But crude prices had already been hovering at over $90 per barrel for the last few months, with Saudi Arabia and Russia extending cuts and stoking concerns over tight supply.

India not looking to cut excise duty on fuel right now: Revenue Secretary Sanjay Malhotra

The central government’s collections from excise duties have been pegged at 3.39 lakh crore rupees for the current fiscal.