Tax exemptions in excise duty
, which constitute one of the most significant elements of tax technique, have also been regulated by EU directives, i.e.:
The collection of federal excise duty
and sales tax subsequently peaked to Rs114.2 billion by fiscal year 2015-16.
Because of the reduction in excise duty
, diesel prices had on October 4, 2017 came down to Rs 56.89 per litre and petrol to Rs 68.38 per litre.
The excise duty
of country made foreign liquor increased by Rs 160.00 from Rs 1700 to Rs 1860 per proof liter.
The specific part of the excise duty
on cigarettes will be set at BGN 70 per 1000 cigarettes, while the proportional component will increase to 32% of the selling price as of 2016.
Avanzi, 35, of Bath Street, London, pleaded guilty to the evasion of excise duty
and was sentenced to one year in prison.
size on vodka is 60 soms, and base rate was increased to 300 soms.
This reduction would have been higher but for the excise duty
hikes - first by Rs 1.50 on November 12 then by Rs 2.25 on December 2 and Rs 2 each on January 2 and January 16.
In June, the government announced an extension of the excise duty
reduction on automobiles for six more months.
Charity chief Suzanne Costello said: "We have seen in recent years that increases in excise duty
have reduced alcohol consumption.
Honda Motorcycle & Scooter India (HMSI) and Hero MotoCorp on Tuesday announced a price cut on all its models, after the proclamation of excise duty
relief to the automobile industry in Interim Budget 2014-15.
New Delhi, April 23 -- Ministry of Heavy Industries & Public Enterprises has written to the Ministry of Finance on the Issue of Additional 3% Excise Duty