Reports on Indonesian palm oil duty cut confuses Indian edible oil industry. No need for hasty cuts on oil duties. Reducing palm oil duty a death knell for India's refining industry: Solvent Extractors' Association of India.
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Market Watch. Pinterest Reddit. While the excise duty was Rs 9 per litre in when global crude oil price was USD per barrel, today it is Rs 19 in case of petrol and Rs 15 for diesel. Reducing taxes is the best solution to check the spurt in fuel prices which would also tremendously help India on the exports front, industry body Assocham said today. It will make India's exports competitive, bring down current account deficit and we may also no longer see the rupee depreciating, Assocham Secretary General D S Rawat said in a statement released here.
The chamber further suggested to the Centre to bring oil products within the ambit of the Goods and Services Tax GST so that India's fuel prices match international rates. The prices then do not have to be administered by the government and people would treat oil as just another commodity which depends on international prices, Rawat added.
Higher oil prices significantly impact not just India's economy but household budgets as well as it leads to increase in cost of transportation and therefore impacts a lot of other products in the inflation basket, he said. Highlighting the maths behind the process of determining fuel prices in India, the paper noted that one litre of imported crude oil costs over Rs 26, which is then procured by oil marketing companies which add entry tax, refinery processing, landing cost, and margins and sell it to the dealers at a cost of over Rs 30 per litre.
Thereafter, over Rs 19 per litre is added to the cost on account of excise duty levied by the Centre. Add to this the dealer commission of over Rs 3 and the value added tax VAT charged by the state government on fuel and dealer commission and you get selling price of petrolthe statement said. Therefore, from about Rs 30 that it costs to dealers, price of a litre of petrol goes up to over Rs 77 for consumers, thereby clocking an increase of over per cent on account of state and central taxes, Rawat said in the note.
While the excise duty was Rs 9 per litre in when global crude oil price was USD per barrel, today it is Rs 19 in case of petrol and Rs 15 for dieselhe said. While both the central and state governments have enormously benefitted from taxes on auto fuel, it may be noted that the Centre garnered major share of taxes on petrol and diesel by virtue of increase in rates on nine occasions between November and JanuaryRawat said. As per recent reports, the Centre earned over Rs crore as revenue from excise on oil per day and the states got over Rs crore per day from auto fuel.
The Centre had earned a whopping Rs 2. Noting that higher crude prices adversely affect twin deficits -- fiscal and current account deficits of the economy, which will have major impact on monetary policy, consumption and investment behaviour in the economy, Assocham said reduction in oil duties will be of big advantage to the country's exports.
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Using a recently introduced algorithm, we have quantitatively simulated previously published small-angle scattering data of hydrated Nafion. Gierke, T.03 pontiac vibe fuse box
The morphology in Nafion perfluorinated membrane products, as determined by wide- and small-angle X-ray studies. Edn 19— Mauritz, K. State of understanding of Nafion. Kreuer, K. Transport in proton conductors for fuel-cell applications: Simulations, elementary reactions, and phenomenology. Dreyfus, B. France 51— Gebel, G. Small-angle scattering study of water-swollen perfluorinated ionomer membranes. Macromolecules 30— Kumar, S. Interpretation of small-angle X-ray and neutron scattering data for perfluorosulfonated ionomer membranes.
B 24— Ioselevich, A. Fine morphology of proton-conducting ionomers.
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