Search For "excise duties"
Cigarette volumes expected to fall as new duty takes effect: Crisil Rating
Updated : 3 months, 3 weeks ago IST
Crisil Ratings reports that the domestic cigarette industry is preparing for a 6-8 per cent volume reduction in the next fiscal year. This follows the imposition of additional excise duties and an increase in GST rates effective February 1. Under the new tax structure, the compensation ce
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Cigarette, gutkha prices set to rise as Centre sharply hikes excise duties
Updated : 4 months, 3 weeks ago IST
Cigarettes and other tobacco products are set to become significantly more expensive from February 1, 2026, after the Centre announced a steep hike in excise duties, citing rising public health costs, and long-standing revenue leakages in the sector.
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Government notifies Act for sharp hike in duty on tobacco products
Updated : 5 months, 1 week ago IST
The Government has notified the Central Excise (Amendment) Act, 2025, effecting a substantial increase in excise duties on unmanufactured tobacco, manufactured tobacco, tobacco products, and tobacco substitutes.
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Parliament winter session: Lok Sabha adjourned, to reconvene on Dec 5 at 1
Updated : 5 months, 2 weeks ago IST
The Lok Sabha was adjourned for the day on the fourth day of the winter session, with the House scheduled to reconvene on December 5 at 11:00 AM. The Rajya Sabha was also adjourned shortly after.
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Lok Sabha passes Bill aimed at raising excise duty on tobacco products
Updated : 5 months, 2 weeks ago IST
The Central Excise (Amendment) Bill, 2025 seeks to revise excise duties on tobacco and related products after the expiry of the GST compensation cess
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Centre to move Central Excise (Amendment) Bill for consideration in Parlia
Updated : 5 months, 3 weeks ago IST
Following the introduction of GST in 2017, the Centre had decreased central excise duties on tobacco and tobacco products to allow for the levy of compensation cess in GST without large impact on tax incidence. This bill seeks to amend the central excise rates, as the cess will be discont
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"People know tax was increased eight years ago and now they have slightly
Updated : 7 months, 3 weeks ago IST
Congress leader Pramod Tiwari on Tuesday targeted the government over its campaign concerning GST reforms and said people know that they had to bear "increased GST" for eight years, and it has been partially reduced on some products now.
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CBI court convicts former excise inspector, trader in Rs 32.28 crore custo
Updated : 7 months, 3 weeks ago IST
The Central Bureau of Investigation (CBI) Court in Visakhapatnam has convicted and sentenced Kalaka Ramdas, then Inspector of Central Excise and Customs, Srikakulam Range, along with Polaki Janakiram of Vandragi village in Srikakulam district, and a private company in a Rs 32.28 crore fraud
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"Govt engaging in profiteering": Congress' Supriya Shrinate after Centre i
Updated : 1 year, 1 month ago IST
The central government has raised the excise duties on diesel and petrol each by Rs 2 per litre, effective from Tuesday, according to a notification from the Department of Revenue.
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"They are cheating the people...": Rajasthan CM Gehlot attacks Centre over
Updated : 2 years, 6 months ago IST
"The government of India is playing a game. The basic excise duty that is distributed to the states has almost been finished and the new excise duty, including the additional excise duties 1, 2 and Cess, is not being distributed to the states. They are taking all the money into the centre
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Oil prices depend on number of dynamic factors, govt has taken various ini
Updated : 3 years, 7 months ago IST
Jaipur (Rajasthan) [India], October 16 (ANI): Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Saturday that the prices of energy depend on a number of dynamic factors, and the government of India has taken various initiatives in its control like reduction in excise du
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Upside risks to fiscal deficit emerges following duty cut on fuel: Finance
Updated : 3 years, 11 months ago IST
New Delhi [India], June 20 (ANI): Government revenues have taken a hit following cuts in excise duties on diesel and petrol, posing an upside risk to the budgeted level of gross fiscal deficit, the Department of Economic Affairs said in its Monthly Economic Review for May 2022.
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