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tax reduction

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India Reduces Excise Duty on Fuel Exports Effective June 1 Trade
Tariffs & Duties #excise duty#fuel exports

India Reduces Excise Duty on Fuel Exports Effective June 1

India has reduced the special additional excise duty on fuel exports, effective June 1. The duty on petrol, diesel, and aviation turbine fuel has been lowered to enhance trade competitiveness.

Jun 1, 2026 1 source
SC Cuts Duty on Exxsol Hexane to 2.5% After Ruling Trade
Tariffs & Duties #tariffs#duties

SC Cuts Duty on Exxsol Hexane to 2.5% After Ruling

The Supreme Court of India has ruled that Exxsol Hexane is a pure hydrocarbon, leading to a reduction in import duty to 2.5%. This decision impacts the classification and taxation of the product under customs regulations.

Jun 1, 2026 1 source