CESS/Surcharge on Petroleum Products

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..... CESS/Surcharge on Petroleum Products - News and Press Release Dated:- 1-4-2017 - News - The Government is collecting taxes through cess and surcharge on petroleum products in the country. An Additional Duty of Excise @ ₹ 6 per litre is levied and collected on Motor Spirit (Petrol) under section 111 of the Finance (No. 2) Act, 1998. Also, an Additional Duty of Excise @ ₹ 6 per litre i .....

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..... s levied and collected, on High Speed Diesel Oil under section 133 of the Finance Act, 1999. In addition, Special Additional Excise Duty @ ₹ 6 per litre is levied and collected on Motor Spirit (Petrol) under section 147 of the Finance Act, 2002 . The said duties collected on petroleum products namely Motor Spirit (Petrol) and High Speed Diesel Oil during the last three years, current year .....

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..... and Budget Estimates (BE) for 2017-18 thereof are as under: Financial Year Motor Spirit (Petrol) High Speed Diesel Oil Motor Spirit (Petrol) Additional Duty of Excise Special Additional Excise Duty F.Y. 2013-14 4120 .....

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..... 15,143 13,178 F.Y. 2014-15 5,978 19,144 15,090 F.Y. 2015-16 17,301 52,239 18,171 F.Y.2016-17 (upto February 2017) 17,361 49,045 16,385 BE 2017-18 .....

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..... 22,000 59,250 21,300 The total subsidy/ under recovery on petroleum products since 2013-14 is as under: Particulars F.Y.2013-14 F.Y.2014-15 F.Y.2015-16 2016-17 (upto December) Diesel 62,837 10,93 .....

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..... 5 0 0 PDS Kerosene 31,255 24,804 11,496 5,720 Domestic LPG 52,247 40,569 16,074 6,399 Total 1,46,339 76,308 27,570 12,1 .....

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..... 19 This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Lok Sabha . - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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