
The central government has earned Rs 4.31 lakh crore as customs duty and excise duty on petroleum products during the financial year 2021-22. This information has been revealed under the Right to Information (RTI).
According to the information received, a customs duty of Rs 50,902.43 crore was collected on the import of petroleum products in India during the financial year 2021-22. During this period, Rs 3,80,113.47 crore was deposited in the exchequer in the form of central excise duty applicable on the manufacture of petroleum products in the country. In this way, the government earned Rs 4.31 lakh crore during the last financial year. Chandrashekhar Gaur of Neemuch in Madhya Pradesh had sought this information by applying RTI.
Russia misses 5th time in LNG supply
This is the fifth default in the supply of LNG gas to India after Russia imposed sanctions on one of the gas supply companies to India. GAIL has signed a deal with the Singapore unit of Russian gas producer Gazprom to import 2.85 million tonnes of LNG every year. This company has defaulted in supplying five times since June.
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