Reduction of Taxes on Petro-Products.

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..... Reduction of Taxes on Petro-Products. - News and Press Release Dated:- 6-9-2011 - News - Press Information Bureau Government of India Ministry of Finance 06-September-2011 18:05 IST .....

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..... Reduction of Taxes on Petro-Products With effect from 25th June, 2011, the Central Government has reduced basic customs duties on crude from 5% to Nil, on petrol and diesel from 7.5% t .....

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..... o 2.5% and on other petroleum products from 10% to 5%. Similarly, the basic excise duty on diesel has been reduced to Nil from Rs. 2 per litre. The custom and excise duties realized fro .....

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..... m petroleum crude and products during the last three years are as under: Revenue realized from Petroleum crude and products ( Rs . In crore ) 2008-09 200 .....

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..... 9-10 2010-11 Customs duty 11174 7755 26281 Central excise duty 59383 64012 76546 This information was given by the Minister of Stat .....

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..... e for Finance Shri S.S. Palanimanickam in a written reply to a question raised in Rajya Sabha today. DSM/SS/SL - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanage .....

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..... ment - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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