Page 3 - Basic Excise Duty News Today

Updated: Share Article AAA The Tamil Nadu Vanigar Sangankalin Peramaippu has expressed disappointment over the Union Budget as “it did not have any of the expected announcements.” While it is heartening to note the provision of ₹35,000 crore for COVID-19 vaccination and the record collection of GST over the past few months, the absence of any relief to pandemic-hit traders in the form of tax relief, concessions, and soft loans is a huge let-down, said Ve. Govindarajalu, general secretary ...

Budget 2021: Govt. imposes agri cess of Rs 2.5 on petrol, Rs 4 on diesel Nirmala Sitharaman also said that care has been taken not to put additional burden on consumers on most items. By PTI|   Published: 1st February 2021 3:32 pm IST (Representational photo) New Delhi: In a bid to boost agriculture infrastructure, the government on Monday announced a cess on certain items, including petrol, diesel, gold and some imported agricultural products. While proposing the Agriculture Infrastru...

Highlights The rate structure will be comprehensively reviewed in due course She proposed to withdraw exemptions on tunnel boring machine New Delhi: In order to rationalise custom duty structure, ease compliance and give impetus to domestic manufacturing, Union Finance Minister Nirmala Sitharaman on Monday (February 1) several indirect tax proposals, tabling the Union Budget 2021-22 in Parliament. The key Union Budget 2021-22 for the overhaul of the Custom duty structure are given here along wi...

Budget 2021: FM Nirmala Sitharaman introduces agriculture cess on fuel; but why it wont impact consumers? With the imposition of the AIDC on petrol and diesel, the Basic Excise Duty (BED) and Special Additional Excise Duty (SAED) rates have been reduced so that the consumer does not bear any additional burden, Finance Minister Nirmala Sitharaman said while presenting the Union Budget 2021-22. February 01, 2021 / 04:05 PM IST An Agriculture Infrastructure and Development Cess (AIDC) of Rs 2....