The excise duty
in October 2017 was cut when petrol price had reached Rs 70.
The excise duty
on soft beer (Alcohol strength is less than 5%) increased by Rs 40 per liter from Rs 150 to Rs 190.
He was sentenced to three years in prison for the evasion of excise duty
and a further 15 months for the fraud offence, to run concurrently.
So far, for instance, excise duty
on brandy is 42 som and the base rate for excise duty
on brandy in 200 som.
In June, the government announced an extension of the excise duty
reduction on automobiles for six more months.
Therefore, to cut excise duty
makes no sense for the physical, mental or financial health of the nation.
Finance minister P Chidambaram, presenting the budget on Monday said that the excise duty
of small cars, motorcycles, scooter and commercial vehicles in India has been cut down to 8 percent from 12 per cent and the excise duty
of Sports Utility Vehicles (SUVs) has gone down to 24 per cent from 30 per cent.
Following the Supreme Court ruling last year asking Fiat India to pay excise duty
on the basis of cost of production plus a notional mark-up rather than on the selling price, many auto manufacturers were being adversely affected when a slowing market caused them to sell vehicles below the cost of production to reduce inventories.
SUVs and Imported Cars: Excise duty
on Sports Utility Vehicles (other than taxis) has been increased from 27 per cent to 30 per cent.
He was fined pounds 25, ordered to pay vehicle excise duty
of pounds 21.
We expect an increase in the current exemption limit of excise duty
on all kinds of writing instruments, from Rs.
Will Messrs Brown and Darling thus reduce the excise duty
to give the working man a fair deal?