Govt collects Rs 69,809 cr through petrol, diesel cess: Min
03/08/2016 10:27
The Indian Government has said that it has collected Rs 69,809 crore through cess imposed on petrol and diesel in the last financial year. Commenting on the issue, Minister of State for Finance Santosh Kumar Gangwar told the media, “The Government has collected Rs 17,217 crore through cess on Motor Spirit (Petrol) and Rs 52,592 crore via cess on High Speed Diesel Oil.” “An additional duty of excise is levied and collected on Motor Spirit (Petrol) under the section 111 of Finance (No 2) Act 1998. Also an additional duty of excise is levied and collected, on High Speed Diesel Oil under Section 133 of the Finance Act, 1999. These levies are deemed to be a cess for the purpose of the Central Road Fund Act, 2000,” he added.
03/08/2016 10:27
The Indian Government has said that it has collected Rs 69,809 crore through cess imposed on petrol and diesel in the last financial year. Commenting on the issue, Minister of State for Finance Santosh Kumar Gangwar told the media, “The Government has collected Rs 17,217 crore through cess on Motor Spirit (Petrol) and Rs 52,592 crore via cess on High Speed Diesel Oil.” “An additional duty of excise is levied and collected on Motor Spirit (Petrol) under the section 111 of Finance (No 2) Act 1998. Also an additional duty of excise is levied and collected, on High Speed Diesel Oil under Section 133 of the Finance Act, 1999. These levies are deemed to be a cess for the purpose of the Central Road Fund Act, 2000,” he added.
