excise duty on petrol

Excise Duty on Petrol and Diesel Increased | Fuel Tax Hike Explained for Government Exams

Government Increases Excise Duty on Fuels In a significant development, the central government has increased the excise duty on petrol and diesel, aiming to boost revenue amidst fiscal pressures. The latest hike has raised the excise duty on petrol by ₹2 per litre and diesel by ₹1 per litre, effective immediately. This decision has implications…

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Supreme Court ruling industrial alcohol

Supreme Court Ruling on Excise Duty & Fiscal Federalism

State Governments’ Power to Levy Excise Duty on Industrial Alcohol In recent news, the issue of state governments’ power to levy excise duty on industrial alcohol has sparked debates and discussions across the nation. This matter holds significant importance, especially for students preparing for government exams, as it pertains to the broader understanding of fiscal…

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