He says Sweden and Denmark have brought down excise duties
recently to cut down successfully on illegal alcohol imports, so why not Britain?
According to senior Indian Oil Corporation ( IOC) officials, the higher excise duties
on premium petrol and diesel have led to a substantial increase in their price vis- Ea- vis the normal variants and this has resulted in customers switching to cheaper fuels.
THE EUROPEAN Commission has given a clear indication establishing minimum specific excise duties
on cigarettes could help depress demand for tobacco products, rather than sticking with rates, defined as a percentage of a product price.
It was cunning plan by a group of wine buffs in the Netherlands who import quality French wines and resent having to pay Dutch duties on the plonk on top of the French excise duties
they already paid.
DRINKS trade giant Irish Distillers is to cut production at its Midleton plant in Co Cork, because of higher excise duties
and falling sales.
In its pre-Budget submission, the Wine and Spirit Association is asking Chancellor Gordon Brown to sanction a 4% cut in excise duties
on wines and spirits, a reduction in the duty surcharge on sparkling wine and a cut in the excise duties
for smaller UK wineries.
An internal Customs and Excise review has identified "serious weaknesses" in controls on wines and spirits meant to go for sale abroad and which are therefore exempt from excise duties
EU Taxation Law includes detailed analysis of the harmonisation of indirect taxes in the EU, covering principally the substantial body of legislation and case law in the area of value added tax and excise duties
, but also discussing capital duty, savings and royalties.
As a result, in order to mitigate illegal smuggling that would result from higher beer prices relative to its regional peers, which was caused by the increase in excise duties
, the company has, for the time being, decided to absorb the excise increase on its non-returnable packs.
Varbanov, former Agriculture Minister at Ivan Kostov's center-right cabinet, confirmed in a Thursday interview for Darik Radio that had tabled his proposal before the second reading of the amendments to the Excise Duties
and Tax Warehouses Act.
While the cost of production of the premium fuels, such as Bharat Petroleum Corp Ltd's ( BPCL) ' Speed', IOC's ' XtraPremium' and Hindustan Petroleum Corp Ltd's ( HPCL) ' Power' brands of petrol, is higher than the normal varieties, most of the price difference at the retail filling stations is accounted for by the higher excise duties
on these products.