Successive hikes in taxes on petrol and diesel in 2020 increases India’s excise duty collection by 48%

IMG_0733.jpg

While the pandemic stifled tax collections across the country, India’s excise duty mop-up jumped by 48 per cent in the current fiscal on the back of a record increase in taxes on petrol and diesel. It more than made up for the below-normal fuel sales during the lockdowns. Excise duty collection during April-November 2020, was […]

Read more