Centre cuts excise duty on fuel, raises export costs to save consumers from fuel price rise - The Tribune

Contributing sentiments towards policy:

59% : The exemption signals New Delhi's intent to protect its strategic fuel supply arrangements with immediate neighbours even as it tightens the overall export tax framework for petroleum products.
58% : The notification has been signed by Dheeraj Sharma, Under-Secretary in the Tax Research Unit of the Department of Revenue.
57% : The Centre on Friday cut excise duty on fuel and withdrew tax rebate and duty exemption benefits on exports of petrol, high-speed diesel and aviation turbine fuel, amending the Central Excise Rules, 2017, with immediate effect.
52% : The change in the country's excise tax rules will directly affect the export of petrol, diesel and aviation turbine fuel from India.
47% : State-owned oil companies supplying fuel to these four neighbouring countries will continue to operate under the earlier tax regime and will not be hit by the withdrawal of benefits.
46% : The notification has been amended to say that exporters of these three fuels will no longer be entitled to claim tax rebates and duty-free export benefits that were previously available to them.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.