Agricultural Cess Imposed On These Items Including Petrol, Diesel, Alcohol, Know – What Will Be The Impact On The General Consumer

In the budget presented by Finance Minister Nirmala Sitharaman, it has been decided to impose agricultural cess on many items including diesel – petrol, alcohol. It has been decided to impose agricultural cess of Rs 2.5 per liter on petrol and Rs 4 per liter on diesel. However, this cess will not entail additional burden on consumers. Finance Minister Nirmala Sitharaman said that along with increasing the Agricultural Cess (Imposition of Agriculture Infrastructure and Development Cess), it reduced the rate of basic excise duty and addition excise dutyThe government has announced that the new Agri Infra Development Cess will be implemented from tomorrow itself. According to this, drinking alcohol from tomorrow will also be expensive, because in the budget, 100 percent agri infra cess has been imposed on alcoholic beverages. After the increase of 100% cess on liquor, the price of liquor is going to increase. Different states have different alcohol prices.The Finance Minister has made it clear that in the case of most of these products, customers will not have to pay much. Imported liquor is likely to rise in price. Regarding the cess on petrol and diesel, he said that, with the introduction of AIDC on these products, we are making sure that the basic excise charges and special additional excise charges levied on them are adjusted so that many extra on customers Not burdened.The surcharge is fully levied by the Central Government and is retained by it. On the other hand, 42 percent of the amount received from excise, special excise or import duty has to be shared with the states. For example, the central government currently levies an excise duty of Rs 34.16 per liter on branded blended petrol, while diesel attracts a central excise duty of Rs 34.19 per liter. This earned an amount of Rs 1,31,545 crore in the first half of the current financial year. So far 42 percent of this will have to be given to the states, but now the Center has cleverly reduced the amount of excise duty and imposed surcharge in its place. That is, only a small part of the total revenue that will be received will go to the state and the collection that will be in the form of surcharge will be of the center. In a way, the Centre’s own revenue will also increase and there will not be any additional burden on customers, but it is clear that the share of states will be less.