TaxTMI 
TaxTMI 
CESS/Surcharge on Petroleum Products
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....ESS/Surcharge on Petroleum Products <br>News and Press Release<br>Dated:- 1-4-2017<br><BR>The Government is collecting taxes through cess and surcharge on petroleum products in the country. An Additional Duty of Excise @ ₹ 6 per litre is levied and collected on Motor Spirit (Petrol) under section 111 of the Finance (No. 2) Act, 1998. Also, an Additional Duty of Excise @ ₹ 6 per litre i....
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....s levied and collected, on High Speed Diesel Oil under section 133 of the Finance Act, 1999. In addition, Special Additional Excise Duty @ ₹ 6 per litre is levied and collected on Motor Spirit (Petrol) under section 147 of the Finance Act, 2002. The said duties collected on petroleum products namely Motor Spirit (Petrol) and High Speed Diesel Oil during the last three years, current year and....
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.... Budget Estimates (BE) for 2017-18 thereof are as under: Financial Year Motor Spirit (Petrol) High Speed Diesel Oil Motor Spirit (Petrol) Additional Duty of Excise Special Additional Excise Duty F.Y. 2013-14 4120 15,143 13,178 F.Y. 2014-15 5,978 19,144 15,090 F.Y. 2015-16 17,301 52,239 18,171 F.Y.2016-17 (upto February 2017) 17,361 49,045 16,385 BE 2017-18 22,000 59,250 2....
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....1,300 The total subsidy/ under recovery on petroleum products since 2013-14 is as under: Particulars F.Y.2013-14 F.Y.2014-15 F.Y.2015-16 2016-17 (upto December) Diesel 62,837 10,935 0 0 PDS Kerosene 31,255 24,804 11,496 5,720 Domestic LPG 52,247 40,569 16,074 6,399 Total 1,46,339 76,308 27,570 12,119 This was stated by Shri Santosh Kumar Gangwar, Minister of State in the....
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.... Ministry of Finance in written reply to a question in Lok Sabha .<BR> News - Press release - PIB....