Cong gives zero hour notice in RS demanding reduction of central excise duty, cess on petroleum products
Feb 09, 2021
New Delhi [India], February 9 : Congress MP KC Venugopal gave a zero hour notice in Rajya Sabha on Tuesday demanding 'reduction of central excise duty and cess on petroleum products'.
Zero Hour is the time when MPs can raise issues of urgent public importance.
During his budget speech, Union Finance Minister Nirmala Sitharaman had announced the imposition of Agriculture Infrastructure and Development Cess (AIDC) of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel.
However, there would be no additional burden on the consumer overall as Sitharaman during Budget presentation also proposed to reduce Basic Customs Duty on these items.
Sitharaman said that an AIDC of Rs 2.5 per litre has been imposed on petrol and Rs 4 per litre on diesel.
However, blended fuel-- M-15 petrol and E-20 petrol -- will be exempted from cesses and surcharges on the lines of other blended fuels (like E-5 and E-10) if these blended fuels are made of duty paid inputs, Sitharaman said.
