https://www.taxtmi.com/article/detailed?id=5285 Proposal for a targeted refund of excise duty on diesel consumed by State Transport Corporations to offset fuel price impacts, citing the duty free treatment of Air Turbine Fuel as a precedent. It argues direct excise reduction is fiscally difficult and that blanket exemptions risk misuse; instead a percentage based refund should be paid without bonds or special clearance, limiting diversion risk while restoring subsidy equivalent relief to public bus services. en-us Wed, 18 Sep 2013 09:51:59 +0530 Wed, 18 Sep 2013 09:51:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5285 Proposal for a targeted refund of excise duty on diesel consumed by State Transport Corporations to offset fuel price impacts, citing the duty free treatment of Air Turbine Fuel as a precedent. It argues direct excise reduction is fiscally difficult and that blanket exemptions risk misuse; instead a percentage based refund should be paid without bonds or special clearance, limiting diversion risk while restoring subsidy equivalent relief to public bus services. Articles Central Excise Wed, 18 Sep 2013 09:51:59 +0530 https://www.taxtmi.com/article/detailed?id=5285