Excise duty collection jump 48% this fiscal on record hike in taxes on petrol, diesel

Excise duty collection jump 48% this fiscal on record hike in taxes on petrol, diesel

Money Control

Representative image (Source: Reuters)

While the pandemic pummelled tax collection across the board, excise duty mop-up jumped 48 percent in the current fiscal on the back of a record increase in taxes on petrol and diesel, that more than made up for the below normal fuel sales. Excise duty collection during April-November 2020, was at Rs 1,96,342 crore, up from Rs 1,32,899 crore mop-up during the same period in 2019, according to data from the Controller General of Accounts (CGA).

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