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| PARLIAMENT
QUESTIONS AND ANSWERS ON PETROLEUM SECTOR |
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GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARRED QUESTION NO 2155
TO BE
ANSWERED ON 11.08.2006
PETROLEUM PRODUCTS .
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SHRI C.K. CHANDRAPPAN
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Will the Minister of FINANCE
be pleased to state:-
(a) The revenue earned by the Government from
various duties on petroleum products during each
of the last three years, item wise;
(b) Whether efforts at rationalising duty
structures on such products have been made by the
Government from time to time;
(c) If so, the details thereof; and
(d) If not, the reasons therefor?
ANSWER
MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI
S.S. PALANIMANICKAM)
(a) Provisional revenue collection figures from
customs & excise duties during the last three
financial years are given in Annexure.
(b), (c), & (d) In 2005 budget, the Government
had reduced customs duty on crude from 10% to 5%,
on petrol and diesel from 15% to 10% and converted
major portion of excise duty on petrol and diesel
from advalorem to specific rates. Similarly,
kerosene for Public Distribution System and
Liquefied Petroleum Gases for domestic household
use were exempted both from customs and excise
duties. In June 2006, the Government has further
reduced customs duty on petrol and diesel from 10%
to 7.5%.
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