TaxTMI 
TaxTMI 
To Fund Infrastucture Development Programme, Government Increases Basic Excise Duty on Petrol and Diesel (Both Branded and Unbranded) by 2 Per Litre; Duties to Come into effect from 2nd January, 2015
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....o Fund Infrastucture Development Programme, Government Increases Basic Excise Duty on Petrol and Diesel (Both Branded and Unbranded) by 2 Per Litre; Duties to Come into effect from 2nd January, 2015 <....
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....br>News and Press Release<br>Dated:- 1-1-2015<br><BR>In order to fund the ambitious infrastructure development programme of the Government, particularly the building of 15000 kms of roads, during curr....
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....ent and next financial year, the Government has decided to increase basic excise duty on petrol and diesel (both branded and unbranded) by ₹ 2 per litre. Allocation of these resources to the roa....
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....d sector will also spur economic activity and employment generation arising from the road construction sector. These increased rates of basic excise duty will be effective from 2ndJanuary, 2015 (that....
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.... is from midnight of 1st and 2nd January, 2015). There will be no change in other excise duty rates applicable to these commodities.<BR> News - Press release - PIB....