OIL & GAS

Imposing cess impacts states’ share from central excise duty: Chhattisgarh CM

Slamming the Central government, Chhattisgarh Chief Minister Bhupesh Bhaghel said that imposing cess impacts states’ share from central excise duty. The opposition has been opposing the Centre continuously over the past few months over rising fuel prices across the country.

Addressing the reporters, the Chief Minister said, “Under central excise duty, rates of petroleum products were increased and we were given the share, but the Centre imposed 3-4 per cent cess, which goes directly to them. I had opposed it then…Imposing cess takes away states’ share from central excise duty.”

“It is good if they bring fuel prices under GST, crude oil prices are going down internationally, but increasing in India…But the concern is that as per Act, money belonging to the states is also not given to us. The Centre doesn’t abide by the Act…”, he said.

During the recently held monsoon session, Minister of State for Finance Pankaj Chaudhary on July 20 had said that the excise duty rates on petrol and diesel have been calibrated to generate resources for developmental items of expenditure keeping in view the present fiscal position.

Responding to a starred question on whether Government would consider to subsume the higher prices under various other taxes being recovered so that common people are not made to suffer the burden

Source
ET Energy World
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