Excise Duty on ‘Demerit’ Goods Hiked as a Measure for Additional Resource Mobilisation.

Excise Duty on ‘Demerit’ Goods Hiked as a Measure for Additional Resource Mobilisation. https://www.taxtmi.com/news?id=2918 The Budget raises central excise levies on specific tobacco and tobacco-related 'demerit' products, including certain cigarettes, hand-rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda scented tobacco, to increase fiscal resources. It also enhances the cess on crude petroleum produced in India under the relevant industry development statute and increases the basic customs duty on completely built units of large cars/MUVs/SUVs above the prescribed engine-capacity threshold to a higher ad valorem rate. en-us Fri, 16 Mar 2012 13:55:35 +0530 Fri, 16 Mar 2012 13:55:35 +0530 TaxTMI RSS Generator Excise Duty on ‘Demerit’ Goods Hiked as a Measure for Additional Resource Mobilisation. https://www.taxtmi.com/news?id=2918 The Budget raises central excise levies on specific tobacco and tobacco-related 'demerit' products, including certain cigarettes, hand-rolled bidis, pan masala, gutka, chewing tobacco, unmanufactured tobacco and zarda scented tobacco, to increase fiscal resources. It also enhances the cess on crude petroleum produced in India under the relevant industry development statute and increases the basic customs duty on completely built units of large cars/MUVs/SUVs above the prescribed engine-capacity threshold to a higher ad valorem rate. News - Fri, 16 Mar 2012 13:55:35 +0530 https://www.taxtmi.com/news?id=2918