Page 2 - Excise Revenue
Govt's excise collection on petroleum products up 48% in Apr-July
The incremental mop-up is 3-times of the repayment liability of legacy oil bonds in the full fiscal
 "Govt's excise collection on petroleum products up 48% in Apr-July")
New Excise Policy to generate revenue, ensure ease of doing biz: Delhi govt
The Delhi government has defended its New Excise Policy 2021 before high court, saying that the new regime would generate optimum revenue and ensure ease of doing business
 "New Excise Policy to generate revenue, ensure ease of doing biz: Delhi govt")
Bidding of retail liquor vends in Delhi by Excise dept earns Rs 5,300 cr
The initial bidding of retail liquor vends in 20 zones across the national capital by the Delhi government's Excise department on Friday raked in Rs 5,300 crore, official sources said.
 "Bidding of retail liquor vends in Delhi by Excise dept earns Rs 5,300 cr")
Beyond Budget Headlines: Oil sector may come to the govt's rescue this year
Every Budget has something to offer for the oil sector. Oil prices have been rising because of global demand amid a stringent environment of regulations. So, what is Budget 2021 going to do for the oil sector? Boosting revenue collection will be a challenge if oil prices rise and the government has to roll back excise duty hikes, says our in-house policy expert A K Bhattacharya. He also points out that the disinvestment revenue that can be mobilised from the oil sector will be a key factor for Budget. In the seventh episode of Beyond Budget Headlines with AKB, Business Standard’s special video series in the run-up to Budget 2021, we also discuss the expenditure side challenges to the Budget, how to boost foreign investment, and opportunities in Budget to boost jobs and growth.
 "Beyond Budget Headlines: Oil sector may come to the govt's rescue this year")
Budget Byte: How far will fuel excise duty help govt's fiscal plans?
Though high priced than before, petrol and diesel consumption came back to pre-Covid levels in recent months
 "Budget Byte: How far will fuel excise duty help govt's fiscal plans?")
Covid-19 may prompt states to hold on to revenue sources outside GST
Given the states limited capacity to mobilise revenues, it will be difficult to bring oil, fuel and tobacco under the purview of GST in the near future
 "Covid-19 may prompt states to hold on to revenue sources outside GST")
Another excise hike for petroleum products on cards to offset revenue loss
No immediate hike, marginal increase likely to be implemented only after lockdown is lifted
 "Another excise hike for petroleum products on cards to offset revenue loss")
Rising fiscal fears
A comprehensive review is needed
UP excise revenue up 38% to Rs 24,000 cr on clampdown on liquor cartels
Under a new excise policy, the state had dissolved the special Meerut excise zone allegedly carved out to benefit certain groups; bidding for liquor shops online was made mandatory
 "UP excise revenue up 38% to Rs 24,000 cr on clampdown on liquor cartels")
