Page 2 - Basic Excise Duty News Today

Synopsis The government has justified high level of taxation on auto fuels suggesting that revenue from petroleum sector is important for running various developmental schemes but has refused to acknowledge the role played by higher prices of petrol and diesel in fuelling inflationary pressure on the economy. PTI The government has justified high level of taxation on auto fuels suggesting that revenue from petroleum sector is important for running various developmental schemes but has refused t...

Agri infra cess for whom? It must be used for farmers’ benefit On the economic policy front, it was amply clear that unlike other crises, Covid-19 had a significant impact on demand and supply. India recognised the disruptive impact and had to charter its unique path amidst the dismal projections. As a result of the policy initiatives undertaken by the government, as per the Economic Survey, the country saw a V-shaped recovery. In the backdrop of an unprecedented crisis, the year 2020-21 had ...

All you wanted to know about Agriculture Infrastructure Development Cess × The Budget for 2021-22 may have refrained from tinkering with your taxes, but it has proposed a new levy — Agriculture Infrastructure Development Cess. What is it? Cess is a kind of special-purpose tax which is levied over and above basic tax rates. The purpose of the new AIDC is to raise funds to finance spending on developing agriculture infrastructure. Considering that not much private investment is forthcoming fo...

An ambitious Budget that needs proper execution So, boosting the consumption - which would create more demand for the goods and services would result in a greater collection of revenue.  Share Via Email   |  A+A A- People watch Finance Minister Nirmala Sitharaman presenting Union Budget 2021-21 on television sets at an electronics store. (Photo | V Karthikalagu, EPS) In a situation where the economy was not doing well, even before the pandemic began, and with it getting further hit by th...

Union Budget 2021: What it offers the automotive industry Updated Feb 02, 2021 | 13:30 IST The Indian government announced budget 2021 yesterday. For the countrys automobile industry, what did it bring forth? Read on to see. Union Budget 2021: What it offers the automotive industry&nbsp Well, yesterday was quite hectic for the country, thanks to Union Budget 2021. Yep, Finance Minister Nirmala Sitharaman announced the new budget, policy, and initiatives for the country as...

Published: Tuesday, February 2, 2021, 11:12 [IST] New Delhi, Feb 02: In a significant development, Union Finance Minister Nirmala Sitharaman, in her Budget 2021 speech, has announced imposition of Agriculture Infrastructure and Development Cess (AIDC) on certain items, including petrol, diesel, gold and some imported agricultural products. The agricultural infrastructure development cess will be applicable from February 2, 2021. Sitharaman also said that care has been taken not to put additiona...

Updated: Experts say this may result in States being short-changed Share Article AAA Finance Minister Nirmala Sitharaman during the final touches of Union Budget 2021-22 at Finance Ministry in New Delhi on January 31, 2021.   | Photo Credit: The Hindu Experts say this may result in States being short-changed Union Finance Minister Nirmala Sitharaman on Monday announced an agriculture infrastructure and development cess (AIDC) on select items such as petrol, diesel, apples and alcohol, pointi...

Budget 2021: Government imposes agriculture cess on petrol and diesel Updated Feb 01, 2021 | 18:18 IST While proposing the Agriculture Infrastructure and Development Cess (AIDC), Finance Minister Nirmala Sitharaman also said that care has been taken not to put additional burden on consumers. Budget 2021: Government imposes agriculture cess on petrol and diesel&nbsp | &nbspPhoto Credit:&nbspRepresentative Image In a bid to boost agriculture infrastructure, the government o...

Budget 2021: No impact on petrol, diesel prices despite agri infra cess Union Finance Minister Nirmala Sitharaman at Lok Sabha during the Budget Session of the Parliament, in New Delhi, Monday (PTI) The Agri Infra Development Cess will be applicable from 2 Feb, 2021 Share Via Read Full Story New Delhi: As part of Budget 2021, Finance Minister Nirmala Sitharaman on Monday imposed agri infra cess of ₹2.5 per litre on petrol and ₹4 on diesel. However, this wouldnt be a burden on the custome...

Will the new Agriculture Infrastructure & Development Cess affect common man? SECTIONS Last Updated: Feb 01, 2021, 07:58 PM IST Share Synopsis The Finance Minister has presented the budget, which overall did not seem to touch the middle class in any major way. There was an Agriculture Infrastructure & Development Cess (AIDC), which has been brought in to aid the agri sector. The cess is not uniform and varies from product to product. Agencies A couple of places where the fund so collected will ...