New Delhi: Central Board of Indirect Taxes and Customs (CBIC) chairman Vivek Chaturvedi on Friday said that the excise duty cut would result in a revenue loss of around Rs 7,000 crore, while the hike in special additional excise duty on export of diesel and ATF will fetch Rs 1,500 crore more in a fortnight, resulting in a total revenue loss of Rs 5,500 crore to the exchequer fortnightly.After reduction in excise duty, the incidence of excise on petrol will be Rs 11.9 per litre (Rs 1.40 basic exc...
Excise Duty Tweaks To Cost Exchequer Rs 5,500 Crore Fortnightly: CBIC Chief
ਸਰੋਤ: Deccan Chronicle
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