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A)
1 only
B)
2 only
C)
Both 1 and 2
D)
Neither 1 nor 2

Correct Answer : Option (C) - Both 1 and 2


* In a series of measures to regulate the import and export of items such as crude oil and gold, the government has imposed special additional excise duty/ cesses on exports of petrol and diesel of Rs 6 per litre and Rs 13 per litre respectively.
 
* The import duty on gold has been hiked to 15 per cent from 10.75 per cent to curb imports of gold amid concerns over increasing pressure on the current account deficit.

* A cess of Rs 23,250 per tonne (by way of special additional excise duty or SAED) or windfall tax, has been imposed on crude. A SAED of Rs 6 per litre has also been imposed on exports of aviation turbine fuel (ATF) or jet fuel.

Hence both statements are correct.

Source : Indian Express

Published On : July 2, 2022
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