The government had in 2016 hiked
excise duty on ATF to 14 percent from 8 percent.
Among the taxes whose imposition is justified by non-fiscal reasons,
excise duty deserves particular attention.
The World Health Organization (WHO) and all other world bodies recommend that 70% of price of the cigarette should be levied as federal
excise duty in order to discourage smoking.
Subsequent to that
excise duty reduction, the Union government had asked states to also lower VAT but just four of them -- Maharashtra, Gujarat, Madhya Pradesh and Himachal Pradesh reduced rates while others including BJP-ruled ones ignored the call.
However,
excise duty will only be charged on tobacco if the buyer exceeds the current allowance of 400 cigarettes, in which case the passenger would pay 100 per cent
excise duty on the additional only, Dubai Duty Free said in a statement.
There's no
excise duty on balances of less than BDT100,000, Muhit said.
Justifying the government's decision to hike
excise duty on petro products when their prices were low, Pradhan said, " Today, I am assuring this House that if there is a spectacular hike in the prices of crude oil, the government may decide to pass on this benefit of increase in
excise duty to consumers." Pradhan said that after deregulation of diesel and petrol, public sector oil companies are taking decisions on their own.
The
excise duty on 1000 cigarettes of JPGL variety (Gold Leaf) has been increased from Rs 21,610 to Rs 23,750 by Rs 2,140.
As of 2016, the
excise duty on cigarettes will start increasing, pushing up cigarette prices.
Cuerton, 57, from Hainton Avenue, Grimbsy, pleaded guilty to the evasion of
excise duty, as well as the possession of articles for use in fraud.
There will be no changes since the
excise duty will rise to the set base rate, he said.
However four consecutive
excise duty hikes in three months have reversed this.
