States are between devil and deep sea: Chidambaram on excise reduction on fuel

He said that the notification onThe reductionDuty onPetrol andDiesel is available and”FM” used the words “Excise Duty”, but the reductionAdditional Excise duty is not shared by the states.

“Therefore, contrary to my statement yesterday, the entire burden is on the reduction falls onThe Centre. I stand corrected.”

“The states areYou get very little in terms of your share of duties on Petrol and Diesel. Their revenue comes from VAT on Petrol andDiesel, I wonder how they can afford to give up this revenue if the Centre gave them more grants or devolved more funds. It’s like being in a coma. between “the devil andThe deepsea” he tweeted.

He stated, “Raise Rs10 per litre in two month” on Saturday. and cut Rs 9.50 per litre onPetrol and Rs 7 per litre on diesel. This is the same as rob Peter mehr and pay Peter less!”

ChidambaramHas claimed that FM’s exhortation to Statesit is meaningless. 41 paise of Central Excise is hers when she cuts it by one rupee. States.”

“It means the Centre has cut 59 pesos andThe States41 paise has been reduced. Don’t point fingers. The Centre will cut the cess it levies. onPetrol andHe added diesel (which isn’t shared with the States),” in his tweet.

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