Government collects Rs 69,809 crore through cess on petrol, diesel

Government has collected Rs 69,809 crore through cess imposed on petrol and diesel in the last financial year. Of total, Rs 17,217 crore collected through cess on Motor Spirit (Petrol) and Rs 52,592 crore on High Speed Diesel Oil.

Minister of State for Finance Santosh Kumar Gangwar replying to a query in Rajya Sabha said that the impact of direct tax incentives that is Corporate Income Tax and Personal Income Tax on account of exemptions in last financial year stood at Rs 1,28,639 crore. Besides, the impact of indirect tax exemptions that is Customs duty and Excise Duty on account of exemptions of 2015-16 is estimated at Rs 4,82,489 crore.

An additional excise duty is levied and collected on petrol and diesel under section 111 of Finance (No 2) Act 1998 and section 133 of Finance Act 1999 respectively. These levies are deemed to be a cess for the purpose of the Central Road Fund Act, 2000.