Centre lost Rs 14,000 cr in revenue from fuel excise duty cut: Govt
The Centre lost Rs 14,000 crore in revenue after cutting excise duty on petrol and diesel by Rs 10/litre. This was done to protect consumers from price hikes caused by the West Asia crisis, a Petroleum Ministry official said on Monday. The Centre has forgone nearly Rs 14,000 crore in tax revenue after reducing excise … Read more