Road and Infrastructure Cess increase on petrol and diesel raises additional customs duty incidence and alters fuel taxation. The Finance (No. 2) Bill, 2019 increases the Road and Infrastructure Cess levied as an additional duty of customs on motor spirit (petrol) and high speed ... Summary
Road and Infrastructure Cess increase on petrol and diesel raises additional customs duty incidence and alters fuel taxation.
The Finance (No. 2) Bill, 2019 increases the Road and Infrastructure Cess levied as an additional duty of customs on motor spirit (petrol) and high speed diesel, thereby raising the per litre cess rate applied to these fuels and altering the customs duty component in fuel taxation.
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