Excise mop-up from fuels doubled in FY21
The Hindu
Government collected ₹3.72 lakh crore
The central government’s mop-up from excise duty levied on petrol and diesel more than doubled to ₹3.72 lakh crore in the pandemic year 2020-21, out of which States were given less than ₹20,000 crore, according to a reply by the government in the Rajya Sabha on Tuesday.
Minister of State for Finance Pankaj Chaudhary in a written reply to a question stated that collection from levy of central excise duty on petrol and diesel increased from ₹1.78 lakh crore in 2019-20 to ₹3.72 lakh crore in 2020-21.
The increase in the collection was mainly on account of rise in the incidence of taxation on fuels.
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