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« Customs and Excise »
  Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Rate of exchange of conversion of the foreign currency with effect from 21st October, 2016
 Seeks to amend Notification No. 27/2014-Central Excise
 Government doubles limit of excise duty evasion for arrest and prosecution
 Excise duty evasion limit to warrant arrest revised to Rs 2 crore
 Guidelines for launching of prosecution in relation to offences punishable under the Customs Act, 1962
 GST notification triggers uncertainty over excise duty
 Preparing for GST: govt looking at restructuring excise/customs cadre
 Refund of Terminal Excise Duty (TED) under Deemed Exports where Duty has been paid from CENVAT Credit and ab-initio waiver is not available.
 CBEC directs customs officials for random search of vessels
 Rate of exchange of conversion of the foreign currency with effect from 7th July, 2016

FM slaps excise duty of Re 1
February, 26th 2010

The Finance Minister has slapped an excise duty of Re 1 per litre on petrol and diesel. This has led to a ruckus in the parliament as the move may accentuate inflationary situation in the country. Some opposition members walked out of the house in protest.

Partial rollback of excise duty on fuels to 10%

Shares of automobile companies reacted to the governments proposal to hike excise duty on SUVs to 22 per cent from the existing 20 per cent.

Shares of Maruti Suzuki were at Rs 1437.20, up 2.66 per cent, Mahindra & Mahindra was up 3.83 per cent to Rs 993.80 and Tata Motors was up 4.73 per cent to Rs 699.

MAT increased from 15% to 18%. The govt has also announced an excise rollback on cement and cement products.

The ministrer also announced across the board hike in excise duty by 2% from 8% to 10%.

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