Excise Duty | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 09:20 AM IST

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ITC may be able to pass GST benefit to customers by lowering prices (Representational Image).

ITC may cut prices post GST, abolishing of additional excise duty

With GST rollout, only the national calamity duty, GST and cess will be levied on cigarettes.

04 Jul 2017 12:21 PM

GST Council permits Centre to levy excise duty on six items including tobacco and tobacco products. (Photo: Representational image).

Revenue Dept removes excise duty on cigarette, tobacco

Revenue department also rescind central excise notification dated February 27, 2010.

03 Jul 2017 5:44 PM

This tax is a multi-stage and destination-based tax that will be levied on every value addition.

One Nation, One tax: GST explained

Tax system will be implemented with the purpose of levying a single indirect tax across the nation

01 Jul 2017 12:02 PM

Fixation of GST rates on the supplies is joint responsibility of the Central and State governments after the approval from the GST Council.

Daily use products, LPG to become cheaper under GST

The Council is scheduled to meet on June 18 to finalise e-way rules and anti-profiteering norms.

16 Jun 2017 10:02 AM

The anti-dumping duty was imposed for a period of five years.

India imposes anti-dumping duty on some steel products

Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry.

15 May 2017 5:22 PM

Mid-sized cars of up to 1500 cc are levied with a 24 per cent excise by the the central government and a 14.5 per cent VAT by state governments, taking the tax incidence to 38.5 per cent.

Small cars may see small hike in prices under GST

Small cars currently attract a 12.5 per cent central excise duty.

24 Apr 2017 5:37 PM

Santosh Kumar Gangwar said additional duty of excise of Rs 6 per litre is levied on high speed diesel oil.

Govt collects over Rs 2 lakh cr from levies on petrol, diesel

The excise levy on petrol earned Rs 64,509 crore and while that on diesel garnered Rs 1,37,426 crore.

31 Mar 2017 7:06 PM

Despite Opec sticking to its pledge to cut, inventories have continued to rise.

Fuel prices may dip on global cues

Indian basket of crude oil fell from around $ 55 a barrel on March 1 to $ 50 per barrel on Monday.

15 Mar 2017 4:40 AM

Tax experts said the earlier practice of importers to file bill of entry as per their convenience was causing administrative issues at customs stations.

Tax dept to start consultation on changes in Customs Act

Changes have also been proposed relating to the payment of duty and interest.

19 Feb 2017 12:35 PM

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