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 Excise

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updated Thu. March 29, 2018

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There is currently no federal excise tax on vapor products, but some states and localities have enacted their own vapor taxes at varying rates. Eight states and the District of Columbia levy a statewide excise tax on vapor, and three states are home to localities that have started to apply excise taxes to ...
A Coalition of civil society groups across the country under the aegis of Nigeria Tobacco Control Alliance (NTCA) faulted calls by the Manufacturers Association of Nigeria (MAN) for a halt in the implementation of the new excise duty on tobacco products. Ms Hilda Ochefu, sub-regional coordinator of ...

The officials on Tuesday found forged KRA excise duty stamps and several alcoholic brands belonging to various manufacturers at the Julijo Investments Ltd's premises. The team was led by deputy county commissioner James Kamau. Kamau said the company resumed operations without ...
MANILA, Philippines -- The Bureau of Internal Revenue (BIR) generated P44.49 billion in excise taxes in the first two months of the year, exceeding its target for the period due to the implementation of the new tax reform law, the Department of Finance (DOF) said yesterday. In a statement, the DOF ...
Government to impose excise on plastic in May It is estimated that more than 300 tons of plastic waste enter Bali's waterways on a daily basis, while more than 1,500 tons of waste is added each day to the island's biggest garbage dump, TPA Suwung. (JP/Liam ...

CHICOPEE, Mass. (WWLP) - You pay your motor vehicle excise tax every year, but do you know specifically what that money is being used for? Every town and city in western Massachusetts sends out excise tax bills to residents. In 2017, the city of Chicopee sent out 60,000 excise tax bills. The money ...
Starting July 1, Virginia will begin regulating a newly created license category: "confectionery." Senate Bill 61 provides for new state and local licensing for businesses that sell confectioneries containing five percent or less alcohol by volume for off-premises consumption. The bill's sponsor, Virginia Sen.
CHANDIGARH: Despite its empty coffers, the Punjab government did not take initiatives even to recover excise dues amounting to Rs 46 crore in 2015-16 and 2016-17 from 22 licensee groups. The money was to be paid to the government on account of unlifted quota of Indian Made Foreign Liquor (IMFL), ...
GURUGRAM: The Excise and Taxation Department has cancelled the licences of 42 zones of retail liquor distributors in Gurugram and Faridabad in Haryana allotted for fiscal 2018-19, an official said on Friday. The Excise and Taxation Commissioner (Finance Commissioner) issued the orders under ...
The Manufacturers Association of Nigeria has called on the Federal Government to forget the proposed hike in the excise duty on alcohol and tobacco products, saying if it goes ahead to implement the proposal, the firms producing the products will shut down and increase job losses. The President, MAN ...
Like many excise taxes, the treatment of spirits varies widely across the states. Spirits excise rates may include a wholesale tax rate converted to a gallonage excise tax rate; case and/or bottle fees, which can vary based on size of container; retail and distributor license fees, converted into a gallonage ...
Sindh Excise Department has recovered over Rs42.426 billion during last eight months in the current financial year from July 2017 to February 2018 ... This was disclosed by the Provincial Minister for Excise & Taxation and Narcotics Control while presiding over a meeting here in his office here on Tuesday.
The number of retail shops for country liquor and Indian-made foreign liquor (IMFL) have been increased from 77 to 93 in the city, it said. To promote low alcoholic contents beverages like wine and to boost wine industry, the extra license fee or excise duty has been reduced from Rs 20 per bulk litre to Rs 15 ...
Gurgaon: People living along Golf Course Road, sectors 38, 47, 52 and nearby areas, may now have to drive the extra mile to get a bottle of liquor. Huda has decided not to disburse land for setting up liquor vends in these areas. The development authority has written to the excise department, informing ...
BAHAWALPUR: Excise and taxation department's cop Shehzad Rasool was shot dead by two drug peddlers Zaman and Nasrullah alias Laggi near Pansota Chowk in Chak 98 Fateh during a raid by excise and taxation team led by excise inspector Khalid Wattoo. After the death of just three months earlier ...
Seven out of 10 motorists who are buying a new car face forking out more thanks to the revised Vehicle Excise Duty (VED) tax bands. The new Vehicle Excise Duty (VED) system was slowly introduced from April 1 2017. Some drivers will pay nothing towards the changed vehicle excise duty, while others ...

“As per the Maharashtra grape processing policy of 2001, the government had given some concessions earlier, and there was no excise duty on wine made from grapes grown in the state until 2021. But if one bought wine from other states or countries, excise duty was to be levied,” said Patil. He added that ...
KOCHI: The Central Tax and Central Excise Aluva division office functioning out of GST Bhavan, Kathrikadavu has been shifted to the first floor of Vathiattu Towers Thottakkattukara, Aluva.The new office was inaugurated on Monday by Pullella Nageswarara Rao, Chief Commissioner, Central Tax and ...
KARACHI : Provincial Minister for Excise & Taxation and Narcotics Control, Mukesh Kumar Chawla has said that the Sindh Excise Department has recovered more than Rs.42426.069 million during last eight months in current financial year from July 2017 to February 2018 in heads of various taxes while in the same period ...
Excise tax on sweetened beverages (SBs) is one of the new taxes imposed under Republic Act (RA) 10963 or Tax Reform for Acceleration and Inclusion (TRAIN) Law which took effect last Jan. 1. The Department of Finance (DOF) along with Department of Health (DOH) support this as part of a ...
An inquiry conducted by state excise commissioner has found Pune's superintendent Mohan Varde guilty of abusing his powers. He allowed a Purandar-based factory to manufacture a spirit which involved methanol and absolute alcohol. According to the law, use of methanol is banned and is a violation of ...
MANGALURU: Anti-Corruption Bureau sleuths conducted raids at five places including the residence and office of Vinod Kumar, DySP of excise department, in Udupi ... ACB officials said they raided Vinod's house at Kuntikana and the excise office based on a disproportionate assets case filed against him.
One major goal of every government must be the protection of local entrepreneurs and manufacturers by creating a conducive environment for indigenous producers. However, this new policy, known as the “Excise Tax Stamp”, comes as a wolf in sheep's clothing which will eventually collapse small-scale ...
A cynical view of the nature of excise taxes is that they can be used to target certain groups or products, such as traditional “sin” taxes on products like alcohol or tobacco. Georgia's controversial reaction to Delta ending its discount program for travel to the National Rifle Association (NRA) annual meeting ...
As the government was looking at excise collections of Rs 6,200 crore (up from Rs 5,442 crore for the ongoing fiscal) for 2018-19, the liquor lobby reportedly told the powers that breaking the big licensing units would not help the state realise such high revenue. Already, the contractors in Fazilka, Abohar, ...
Sindh Minister for Excise, Taxation and Narcotics Control, Mukesh Kumar Chawla has said that the Sindh Excise Department will establish a Taxation Court to trial tax defaulters. He said this while presiding over a meeting here at his office on Thursday, said a statement. Sindh Secretary Excise and ...
As a result, the Latvian excise tax rate on strong alcohol will become equal to that in Lithuania, but will remain significantly lower than the Estonian excise ... They also informed that the tax hike's possible effect on alcohol prices in retail trade (excise tax plus value added tax) might be an estimated EUR 0.07 ...
Practitioners are skeptical that the growing trend among states to levy excise and sales taxes on opioids will curb the nationwide overdosing epidemic. Six states—Kentucky, Minnesota, New Jersey, New York, Tennessee, and West Virginia—are mulling 12 measures proposing taxes on the distribution, ...
Massachusetts imposes a surcharge of $0.20 on each prearranged ride originating in the state, while Nevada imposes an excise tax of three percent of the total fare charged. South Carolina imposes a local assessment fee of one percent of the gross trip fare that is very similar to the Alabama tax, while ...
Telangana's Prohibition and Excise department on Wednesday arrested a student, who was allegedly in possession of 40 blots of Lysergic Acid Diethylamide (LSD). The accused, identified as B Pharmacy student K Arvind Reddy, was reported to be a native of Suryapet, who was caught during a routine ...
"As Latvia is also raising its excise duties, as a result of this change, the difference in excise duty on vodka between the two countries will be smaller than it was in 2016, when border trade gained momentum," he said, adding that the difference in excise duty on beer between Estonia and Latvia will ...
The excise tax in Medford is modeled after one that Bend has been using for the last dozen years. (Because it was adopted before the state ban, the Bend tax was grandfathered in.) Lynne McConnell, the affordable housing manager for Bend, says that the tax has generated around $7 million since it was ...
On Feb. 15, the Tax Foundation hosted an event on excise tax policy across the 50 states. We heard from experts with differing perspectives on excise taxes, including Reid Wilson, national correspondent from The Hill; Todd Nesbit, professor of economics at Ball State University; and Richard Auxier, ...
"Customs has done a great job in modernising their systems to recognise modern business operations, while still meeting their excise collection requirements. excise is reality for our industry and common-sense solutions to address industry concerns have been very welcome. It will save time and money ...
The excise hike decidedly influenced the price of hard liquor. This finding of the study is particularly interesting also because one of the sharpest critics of the current Center Party-led government's excise policy, Maris Lauri (Reform), was minister of finance at the time. The institute's director, Marje Josing, ...
Let me explain an excise tax on home construction as I see it. It will inevitably drive the price of a new home, any new home, up, and in so doing it will make it unaffordable to some potential buyer who will then consider a lower-priced home. That will displace the buyer for that home, who will then consider a ...
Excess is on the rise in Snowmass Village, if the total amount of excise tax collected during 2017 is any indication. According to information provided recently by the town's finance department, the excise tax fund — which allows homeowners to build up to 550 square feet beyond what is permitted through ...
Indore: The excise department has allegedly allowed five 'blacklisted' groups to participate in the ongoing liquor licence renewal process for next financial year. Sources said that ... When the firm failed to deposit excise duty on time, the local excise department re-auction the shop at a loss of Rs 1.76 crore.
A press release by additional commissioner of Excise & state nodal officer EEM, Visedelie Mepfuo, informed that in view of the ensuing Nagaland Assembly Election 2018 and as per the directive of Election Commission of India and the Chief Electoral Officer, Nagaland, the Excise and prohibition ...
ROAD tax rates will be changed from 2020 - and it could see Brits hit with bills of up to £500 for new cars. Vehicle excise duty (VED) is to be shaken up again to account for tough new emissions tests from 6 April 2020, according to official documents. Tough new standards are coming in and it could lead to ...
"In the coming one to two years, VAT and excise duty">excise duty will be converted to GST. We are taking this shift from VAT and excise duty">excise duty to GST gradually as each state government has a different priority and states are apprehensive that their revenue collection might reduce once GST ...
Finance Ministry officials have time and again pointed out that revenue from excise duty on POL products is a significant source of funds that has helped the government keep the fiscal deficit in check and also enhance productive expenditure. “Duties on fuel have been a big source of revenue for both the ...
The UAE has ruled out increasing value-added tax (VAT) and excise tax over the next five years, said Obaid Al Tayer, UAE's Minister of State for Financial Affairs. The UAE, along with Saudi Arabia, implemented five per cent VAT and increased excise tax by 50 per cent on energy and carbonated drinks and ...
The state excise and taxation department had been probing a fake GST bill fraud wherein some unscrupulous companies were selling bogus GST bills to some firms to enable them to claim input tax credit, allow movement of "unaccounted" goods to other states and to justify out of books transactions.
A Second Division assistant in the Excise Department has been booked for forging the signature of her seniors to withdraw ₹1.1 lakh from the government treasury. The racket came to light during the audit and was brought to the notice of the Deputy Commissioner of Excise whose signature was forged to ...
The federal government will re-introduce excise duty on some goods manufactured in the country and excisable imported goods in line with the directive of ECOWAS council of ministers. In a letter addressed to President Muhammadu Buhari and seen by TheCable, Kemi Adeosun, minister of finance, said ...
Estonia received 19.8 percent, or €55 million, less in alcohol excise revenue than budgeted for in 2017, the Ministry of Finance revealed on Thursday, noting that the decrease in declared alcohol volumes can be attributed to the decrease in consumption as well as increase in cross-border trade with Latvia, ...
HealthLeaders Media reports that around 16 percent of all US nonprofit hospitals will, as a result of the tax overhaul, be required to pay an excise tax on up to five annual salaries higher than $1 million. The Wall Street Journal reports that there are approximately 400 nonprofit hospital organizations in that ...
In its bid to rein in cross-border bootlegging in Bathinda and surrounding districts, the Excise and Taxation Department has decided to intensify enforcement activities in the region. Apart from the plan to increase the existing strength of employees in the Excise Department, the department has forwarded a ...


 

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