Punjab

Realisation of excise, customs duties from crude oil petroleum products from 2012-13 to 2018-19

Dilbag Singh | September 19, 2020 04:34 PM

 

NAKODAR Total realisation of excise and customs duties from crude oil and  petroleum products was Rs. 163,162 crore in India during 2018-19, down by -23.4% against Rs. 213,012 crore during 2017-18. Out of Rs. 163,162 crore realised from crude oil and  petroleum products during 2018-19; Rs. 157,975 crore (96.82%) was contributed by excise duties and Rs. 5,187 crore (3.18%) was contributed by customs duties.

Realisation of excise duties from crude oil & petroleum products was Rs. 63,478 crore in 2012-13. It has jumped by 5.92% to Rs. 67,234 crore during 2013-14 above 2012-13. We have seen annual decline of -8.08% in realisation of excise duties from crude oil & petroleum products during 2017-18 from Rs. 227,131 crore during

2016-17 a report based on data taken from the Union ministry of Petroleum and Natural Gas said which has been posted on website data, gov.in.

It said that realisation of excise duties from crude oil & petroleum products was Rs. 157,975 crore in 2018-19, down by -24.33% versus Rs. 208,781 crore during 2017-18.

Realisation of customs duties from crude oil & petroleum products was Rs. 5,373 crore in 2012-13. It has spiked by 21.81% to Rs. 6,545 crore during 2013-14 over 2012-13. Annual growth of 22.96% has been observed in realisation of customs duties from crude oil and petroleum products during 2017-18 from Rs. 3,441 crore during 2016-17. Realisation of customs duties from crude oil & petroleum products was Rs. 5,187 crore in 2018-19, up by 22.6% against Rs. 4,231 crore during 2017-18.

The maximum annual growth of 92.27% has been found in 2015-16 in realisation of excise duties and 22.96% has been seen in 2017-18 in realisation of customs duties from crude oil and petroleum products during the period under consideration.

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