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7 clusters · 34 sources · 31 days · First seen · Last updated

India taxation and customs duty revisions

Overview

In late August and early September 2026, the Indian Ministry of Finance and the Central Board of Indirect Taxes and Customs issued several notifications revising excise duties and customs tariff values. Initial revisions included amendments to rates for specified goods under the Central Excise Act, 1944, and updated tariff values for imports such as edible oils and precious metals. For example, the tariff value for gold was set at US $1,468 per 10 grams. Subsequent adjustments focused on the petroleum sector, specifically regarding export duties and windfall taxes for diesel, petrol, and aviation turbine fuel (ATF). Changes included a reduction in the diesel export duty from 3 rupees per litre to 1 rupee per litre and a decrease in the diesel windfall tax from 24 rupees to 19 rupees per litre. Conversely, the Special Additional Excise Duty (SAED) on exported petrol increased from zero to 1.50 rupees per litre, and the Road and Infrastructure Cess (RIC) for diesel was raised to 1 rupee per litre. Following a fortnightly review by the Finance Ministry, the government implemented further reductions to windfall taxes on fuel exports for the period beginning September 16, 2026. These adjustments saw the SAED on diesel exports decrease from ₹25 per litre to ₹20 per litre, the levy on ATF exports lowered from ₹19 per litre to ₹15 per litre, and the duty on petrol exports cut from ₹1.50 per litre to ₹0.50 per litre. By September 16, 2026, the Ministry of Finance also reduced the Road and Infrastructure Cess on high-speed diesel oil exports from 1 rupee per litre to Nil. On September 24, 2026, the government reduced basic customs duties (BCD) on several edible oils to curb food inflation and lower retail prices ahead of the festive season.

Entities

Ministry of Finance · Government of India · Department of Revenue · India · Sudhakar Desai

Claims

What the coverage asserts, and how many sources carry each claim.

Timeline

  1. [BUSINESS] 3 sources
    India reduces windfall tax on diesel and aviation fuel exports

    India has reduced windfall taxes on diesel and aviation turbine fuel exports to support petroleum companies amid Middle East tensions and fluctuating global crude oil prices.

  2. [BUSINESS] 2 sources
    India reduces windfall tax on diesel and ATF exports

    India has reduced the windfall tax on diesel and aviation turbine fuel (ATF) exports for the fortnight starting October 1, while maintaining current rates for petrol exports.

  3. [BUSINESS] 15 sources
    India cuts edible oil import duties to curb inflation

    India has reduced import duties on crude and refined edible oils, including sunflower, soybean, and palm oils, to lower domestic prices and combat inflation ahead of the festive season.

  4. [BUSINESS] 3 sources
    India tax authorities revise registration rules and diesel export cess

    India's CBDT has extended registration deadlines for tax practitioners and valuers to March 2027, while the Ministry of Finance has eliminated the Road and Infrastructure Cess on diesel exports.

  5. [BUSINESS] 11 sources
    India cuts windfall tax on petrol, diesel, and ATF exports

    India has reduced windfall taxes on petrol, diesel, and ATF exports for the fortnight starting September 16, lowering levies to improve export economics while domestic fuel taxes remain unchanged.

  6. [BUSINESS] 2 sources
    India revises petroleum export duties and windfall taxes

    India has revised petroleum export duties and windfall taxes effective September 1, reducing diesel export duties and windfall taxes while increasing duties on exported petrol.

  7. [BUSINESS] 2 sources
    Ministry of Finance announces revised excise duties and customs tariffs

    India's Ministry of Finance has announced revised Central Excise duty rates and updated customs tariff values for edible oils, gold, silver, and brass scrap, effective September 1, 2026.

Sources

aajtak.com · agniban.com · agronfoodprocessing.com · bhaskarhindi.com · bichosdecampo.com · businessnewsweek.in · caclubindia.com · desitalkchicago.com · english.mathrubhumi.com · hindi.news18.com · hindi.newsbytesapp.com · kashmirlife.net · latestly.com · madhyamamonline.com · marilenabadolato.it · millenniumpost.in · morungexpress.com · navabharat.com · newindianexpress.com · newsindialive.in · pioneeredge.in · pragativadi.com · punjabkesari.com · samacharnama.com · sanmarg.in · siasat.com · taxguru.in · taxscan.in · thecsrjournal.in · timesbull.com · tv9hindi.com · webdunia.com · yespunjab.com · zoomnews.in

This summary has been updated 4 times: see revision history