Tag Archives: excise duty

More Cheer for foreign investors in Investor-friendly Budget 2015-16

The Union Finance Minister, Mr Arun Jaitley in his Budget Speech in Lok Sabha today announced measures to improve the ease of doing business so as to achieve ‘Minimum Government and Maximum Governance’. He sought to bring about simplification of taxprocedures in the Financial Bill 2015. Monetary limits for a case to be heard by a single member bench of ITAT is ...

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Petrol price cut by 2.42, Diesel by 2.25 But Excise Duty up by Rs.2, What’s the Point?

Despite international crude oil prices going below $45 a barrel, India is not relenting its grip over it as the source of its taxation by offsetting the price cut with immediate and almost simultaneous hike in the excise duty by Rs.2 per litre, virtually making no difference in the sale price of fuel. On their part, state-run oil marketing companies ...

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