Excise Duty on ‘Demerit’ Goods Hiked as a Measure for Additional Resource Mobilisation.

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..... Excise Duty on ‘Demerit’ Goods Hiked as a Measure for Additional Resource Mobilisation.
News and Press Release
Dated:- 16-3-2012

Press Information Bureau Government of India Ministry o .....

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..... f Finance 16-March-2012 14:13 IST Excise Duty on 'Demerit' Goods Hiked as a Measure for Additional Resource Mobilisation The Union Budget 2012-13 proposes to increase excise duty on 'demerit' goods .....

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..... such as certain cigarettes, hand rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda scented tobacco. While presenting the Budget in Parliament today, the Finance Minis .....

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..... ter Shri Mukherjee proposed to enhance cess on crude petroleum oil produced in India to Rs. 4500/- per metric tonne from Rs. 2500/- per metric tonne under the COIL Industries Development Act. In orde .....

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..... r to further garner additional resources, the Finance Minister has proposed to enhance basic customs duties on completely built units of large cars/ Multi-Utility Vehicles/ Sports Utility Vehicles hav .....

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..... ing engine capacity above prescribed threshold from 60 percent to 75 per cent ad valorem. DSM/YSK/nb/15
News - Press release - PIB .....

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