TaxTMI 
TaxTMI 
Reduction of Taxes on Petro-Products.
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....eduction of Taxes on Petro-Products. <br>News and Press Release<br>Dated:- 6-9-2011<br><BR>Press Information Bureau Government of India Ministry of Finance 06-September-2011 18:05 IST Reduction of....
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.... Taxes on Petro-Products With effect from 25th June, 2011, the Central Government has reduced basic customs duties on crude from 5% to Nil, on petrol and diesel from 7.5% to 2.5% and on other petrol....
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....eum products from 10% to 5%. Similarly, the basic excise duty on diesel has been reduced to Nil from Rs. 2 per litre. The custom and excise duties realized from petroleum crude and products during t....
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....he last three years are as under: Revenue realized from Petroleum crude and products (Rs. In crore) 2008-09 2009-10 2010-11 Customs duty 11174 7755 26281 Central excise duty 59383 64012 7....
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....6546 This information was given by the Minister of State for Finance Shri S.S. Palanimanickam in a written reply to a question raised in Rajya Sabha today. DSM/SS/SL<BR> News - Press release - PIB....