Because of the
excise duty cut, diesel prices had on October 4, 2017 come down to Rs 56.
Johnson, 53, from High Road, Wilmington, Dartford, pleaded guilty to the evasion of
excise duty and was sentenced to one year in prison.
This means that the government can raise the
excise duty on vodka to 300 soms.
We have decided to pass on the entire benefit of the
excise duty cut to our customers.
The across-the-board implementation of
excise duty valuation based on cost of manufacture had caused a significant amount of concern within the automotive companies as it made it very difficult for the industry to price the products in tune with the market realities," said Vikram Kirloskar, President of the Society of Indian Automobile Manufacturers, in a press release.
Excise duty on all cigarettes has been increased by about 18 per cent, except cigarettes of length not exceeding 65mm.
He was fined pounds 175, ordered to pay vehicle
excise duty of pounds 17.
Markers and Higlighter Inks should also be exempted from the current
excise duty @ 10 per cent.
The European Commission decided, on 2 April, not to raise any objections to the
excise duty reductions and exemptions introduced by Slovakia for the benefit of railway and inland waterways transport.
Its views come in a detailed consultation paper on tobacco
excise duty policy--responses requested by June 1.
In member states that donot benefit from a transitional period to adapt to the European minimum rate, the
excise duty levied on diesel can range from 302 euro to 782 euro per 1,000 litres.
He is further accused of evading an estimated pounds 20,000 in
excise duty.
