INSUBCONTINENT EXCLUSIVE:
Excise duty collections on fuel during April-July period of current fiscal have shown healthy growthExcise duty on petroleum products
witnessed a jump of 48 per cent during April-July period of the current financial year i.e
current fiscal, the data said further.Petrol and diesel don't come under the purview of Goods and Services Tax (GST) and excise duty is
Aviation Turbine Fuel (ATF) and natural gas are the other two commodities on which GST is not levied.The increase in excise duty collections
is mainly due to fuel sales going up as regionally imposed lockdowns have been eased and traffic movement has gone up, especially during the
till a month back were consistently rising, crossing the Rs 100 per litre mark in several cities of the country.
