As per the release, the price of 180 ml of ordinary and mid-range liquor will be increased by ₹10. Photo: File | Photo Credit: M. KARUNAKARAN The price of liquor sold by the Tamil Nadu State Marketing Corporation Limited (Tasmac) will increase by February 1 owing to the increase in excise duty, a release by … Read more
New Delhi: The Centre may revise the FY24 excise duty collection target downwards by ₹45,000 crore, factoring in some possible fiscal support if crude oil prices continue to remain elevated, people familiar with deliberations told ET. This revision is not likely to impact the overall revenue mopup as the other resources may make up for … Read more
Mumbai: The ITC stock, which rose to a lifetime high on Tuesday, are seen gaining another 10% in the near term helped by robust earnings prospects and technical strength. The stock, which has nearly doubled in the past two years, closed at ₹398.5 on Tuesday, down 0.4% from the previous close, after touching an all-time … Read more
New Delhi: The Centre on Monday increased the windfall tax on domestically produced crude oil to ₹2,100 per tonne from the existing ₹1,700.The revised tax rate is effective from January 3. The windfall tax on aviation turbine fuel has been hiked to ₹4.5 per litre from the existing ₹1.5 per litre, as per a notification … Read more
A day after the Centre brought down prices of petrol and diesel by Rs 5 and Rs 10 respectively, the state’s opposition BJP has slammed the Maharashtra government for not bringing down the state’s value added tax (VAT) on petroleum products that could bring further relief to people. The ruling Maha Vikas Aghadi (MVA) alliance … Read more
Senior Congress leader P Chidambaram on Thursday took a swipe at the BJP over the cut in excise duties on petrol and diesel, saying the results of the 30 assembly and three Lok Sabha by-elections have “produced a by-product”. The government on Wednesday cut excise duty on petrol and diesel by a record Rs 5 … Read more