Government bears full cost of excise duty cut on petrol, diesel: FM Nirmala Sitharaman
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Union Finance Minister Nirmala Sitharaman on Sunday clarified that the entire cost of the reduction in excise duty on petrol and diesel is borne by the central government and the state`s revenue won`t be impacted by the move. The Basic Excise Duty is sharable with states. Special Additional Excise Duty, Road & Infrastructure Cess, and Agriculture & Infrastructure Development Cess are non-sharable.
