Proposals for raising taxes yesterday
That’s the center that immediately announced discounts
New Delhi: Petrol and liquor prices have been among the most talked about issues in the country since Finance Minister Nirmala Sitharaman introduced the 2021-22 annual budget yesterday. 2.50 per liter on petrol and Rs. It is learned that the Finance Minister has proposed to impose AIDC (Agriculture, Infrastructure and Development) cess at 4 per cent. There has been a lot of talk about rising fuel prices and the impact on consumer goods.
However, the Center has said that the burden will not fall on the people immediately and that we are reducing the Basic Excise Duty (BED) and Special Additional Excise Duty (SAED) on petrol and diesel. BED is priced at Rs. 2.98 to Rs. 1.40 and SAED to Rs. 12 to Rs. We are reducing the current BED per diesel pilot to Rs. 4.83 to Rs. 1.80 and SAED to Rs. 9 to Rs. Announced that we are shrinking to 8.
Petrol and diesel prices will not change even if the latest Agriculture, Infrastructure and Development cess is imposed. The center said it would not place an additional burden on consumers.
As far as liquor is concerned, Nirmala Sitharaman has announced that 100 per cent Agriculture, Infrastructure and Development cess will be levied on imported liquor. At the same time, the Center has recently announced that it will reduce the customs duty on imported spirits and wines from 150 per cent to 50 per cent, which is less than 80 per cent. That is, even if the AIDC tax on imported liquor is an additional burden, the price will not change.
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