https://www.taxtmi.com/news?id=40090 A central excise duty increase on petrol, diesel and cooking gas functions as a fiscal instrument raising central tax levies; the Centre states oil marketing companies will absorb the hike and that a per litre allocation from increased excise will be remitted to state governments. The core issues are tax incidence, allocation of excise receipts between central and state governments, and whether the excise adjustment will be transmitted to consumer prices. en-us Mon, 07 Apr 2025 21:01:03 +0530 Mon, 07 Apr 2025 21:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=40090 A central excise duty increase on petrol, diesel and cooking gas functions as a fiscal instrument raising central tax levies; the Centre states oil marketing companies will absorb the hike and that a per litre allocation from increased excise will be remitted to state governments. The core issues are tax incidence, allocation of excise receipts between central and state governments, and whether the excise adjustment will be transmitted to consumer prices. News - Mon, 07 Apr 2025 21:01:03 +0530 https://www.taxtmi.com/news?id=40090