Sunday, January 22, 2012

Oil Ministry moots extra excise duty on diesel cars

  • The Petroleum and Natural Gas Ministry has proposed an additional excise duty of Rs.80,000 on diesel-driven cars in the coming Budget, besides seeking a 5 per cent import duty exemption on LNG and natural gas to discourage dieselisation.
  • These are part of the budgetary proposals officially sent by the Ministry to the Finance Ministry for inclusion in the Budget 2012-13. These recommendations, made to the Finance Ministry formally for the first time, are in line with the suggestions made by the Kirit Parikh Committee

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