Central Government Earned Rs 4 51 Lakh Crore From Customs And Excise Duty On Petroleum Products varpat– News18 Hindi

New Delhi. The Central Government has increased Indirect Tax Revenue in the form of Custom Duty and Excise Duty on Petroleum Products to a total of Rs 4,51,542.56 crore in the financial year 2020-21. . This is about 56.5 percent more than last year. According to the news of PTI, this disclosure has been done through Right to Information (RTI). Let us tell you that these figures have come to the fore when due to the skyrocketing of petrol and diesel prices, there is a demand for reduction of tax-cess on fuel by the Central Government and the State Governments.

Revenue of Rs 46 thousand crore in 2019-20
According to the report, customs duty of Rs 37,806.96 crore was collected on the import of petroleum products in the financial year 2020-21. At the same time, Rs 4.13 lakh crore was earned from Central Excise Duty on the manufacturing of these products in the country. According to the information received from RTI, the government got a revenue of Rs 46,046.09 crore in the form of customs duty on the import of petroleum products in 2019-20. At the same time, Rs 2.42 lakh crore was recovered from the Central Excise Duty on the manufacturing of these products in the country. That is, under the head of both taxes, the government earned a total of Rs 2,88,313.72 crore in 2019-20.

Also read- Start this business in less than 30 thousand rupees, every month will earn ₹ 3 lakh, government will give 50% subsidy

Information sought in RTI
An RTI activist said that the Directorate General of Systems and Data Management (DGSDM) attached to the Ministry of Finance gave information on his application under the Right to Information. At the same time, according to economist Jayantilal Bhandari, not only the common man but the entire economy has deteriorated due to expensive petrol and diesel. He said that the central and state governments, especially on petrol and diesel, should give relief to the people from inflation by reducing their taxes.

Leave a Reply

Your email address will not be published. Required fields are marked *