Amidst Covid 19 outbreak, govt earned 4.51 lakh crore tax revenue on petroleum products: RTI
- In the financial year, 2020-21, the indirect tax revenue of the Centre in the form of customs duty and excise duty on petroleum products increased by about 56.5 percent to a total level of Rs 4,51,542.56 crore.
- This disclosure has come from the RTI at a time when the demand for reduction of tax and cess on these fuels is gaining momentum due to the skyrocketing of petrol and diesel prices.
- RTI activist Chandrashekhar Gaur today said that the DGSDM attached to the Ministry of Finance gave information under the Right to Information on his application.
- It informed that the customs duty of Rs 37,806.96 crore has been charged on the import of petroleum products in 2020-21.
- While Rs 4,13,735.60 crore was deposited in the exchequer in the form of central excise duty on the manufacture of these substances in the country.
