Assam government hikes excise duty on IMFL by 25 per cent
NEW DELHI:The Assam government has decided to increase the excise duty on Indian Made Foreign Liquor (IMFL) by 25 per cent, state Industry Minister Chandra Mohan Patowary said after a Cabinet meeting on Friday. This will generate an additional income of Rs 1,000 crore for the state to meet the unexpected financial burden and expenditure […]
Karnataka hikes excise duty on liquor by 11 per cent
BENGALURU: The Karnataka government on Wednesday hiked excise duty on liquor by 11 per cent to mop up revenues, two day after allowing its sale, following the easing of COVID-19 induced lockdown. This hike is in addition to the six per cent that was announced in the budget. “Yes, this 11 per cent increase in […]
India hikes excise duty on petrol by record Rs 10 diesel by Rs 13
NEW DELHI: The government of India on Tuesday evening hiked excise duty by a record Rs 10 per litre on petrol and Rs 13 per litre on diesel to garner Rs 1.6 lakh crore additional revenue as it repeated its time-tested formula of not passing on gains arising from a slump in international oil prices. […]