Chhattisgarh to lose ₹500 cr annually after Centre’s excise duty cut on fuels: Baghel | Latest News India

Union Finance Minister Nirmala Sitharaman on Saturday announced that the central excise duty on petrol would be cut. 8 per liter and on diesel 6 per liter

Raipur: Chhattisgarh Chief Minister Bhupesh Baghale on Monday said that the Center will cut losses on petrol and diesel. 500 crores to the state coffers, and added that the central government should withdraw the cess imposed on these fuels.

Union Finance Minister Nirmala Sitharaman on Saturday announced that the central excise duty on petrol would be cut. 8 per liter and on diesel 6 per liter

“I could not understand Nirmala Sitharaman Ji’s statement that the excise tariff does not affect the state’s share … If central excise is deducted, then its share of the state’s 41 per cent equity will be reduced automatically,” When asked if they would reduce the amount, he said.

Baghel said the central government should revoke the cess that the Center had started imposing on petrol and diesel from last year and impose the same tariffs imposed by the UPA on these products.

“Revenue collection through VAT (charged on the basis of ad valorem) will also dip automatically. 500 crore (annual), CM said.

Sitaraman told me 8 liter reduction in excise duty on petrol and Six deductions have been made on diesel on road and infrastructure cess imposed on the two fuels, and its stock has never been shared with the states. He said that the center was bearing the full burden of these two tariffs.

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