Excise duty increases on petrol and diesel under Finance Bill raise effective tax rates for fuel levies. The Finance (No.2) Bill, 2019 increases the effective rates of Special Additional Excise Duty and Road and Infrastructure Cess on motor spirit (petrol) ... Summary
Excise duty increases on petrol and diesel under Finance Bill raise effective tax rates for fuel levies.
The Finance (No.2) Bill, 2019 increases the effective rates of Special Additional Excise Duty and Road and Infrastructure Cess on motor spirit (petrol) and high speed diesel by substituting the prior per litre rates with higher per litre rates for each levy, with the cess expressly levied as an additional duty of excise.
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