Category : Search result: excise duty hike


Smartphone, TV Prices to Rise 6-9% by 2026

Your next smartphone and TV could cost 6-9% more by 2026. A new 10% import duty on key components is set to increase manufacturing costs, impacting major brands. Find out how this will affect your wallet.

HC Orders ₹10.8 Lakh Stamp Duty Refund to Pune Couple

Bombay High Court directs Maharashtra to refund stamp duty to an elderly Pune couple who abandoned a flat purchase due to Covid-19 financial and medical crisis. Landmark ruling prevents 'unjust enrichment' by state.

Gurgaon liquor shops accused of major excise violations

Multiple Gurgaon liquor shops under probe for smuggling now face complaints for serious excise policy breaches, including illegal advertising and selling below MRP. Lawyer demands sealing and license suspension.

Parliament Approves Excise Duty on Tobacco Bill

The Indian Parliament has approved a bill to impose excise duty on tobacco. Finance Minister Nirmala Sitharaman addressed the Rajya Sabha, detailing the legislation's aspects and responding to queries. Read the full story.

Lok Sabha Passes Tobacco Excise Duty Bill

Lok Sabha approves Central Excise Bill to tax tobacco. Finance Minister says revenue will go to divisible pool, with 41% for states. Opposition criticizes move as filling fiscal gap.

Rs 2 Crore Illegal Liquor Seized by Jhabua Police

Jhabua police intercepted a truck near the Gujarat border, seizing foreign & country-made liquor worth over Rs 2 crore. The driver fled. Read the full details of the major bust here.

Lok Sabha Passes Bill on Tobacco Excise Duty

The Lok Sabha has passed a crucial bill to amend excise duty rates on tobacco and its products. This legislative move aims to update the Central Excise Act, 1944. Read for details and implications.

1925: The Day India Abolished Cotton Excise Duty

On March 1, 1925, the Indian government abolished the excise duty on cotton, a landmark move that revitalized the domestic textile industry and boosted economic self-reliance. Discover the full story behind this pivotal fiscal decision.

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