Realisation of Excise and Customs Duties from Crude Oil & Petroleum Products from 2012-13 to 2018-19

September 18, 2020

Author: susil

Total realisation of excise and customs duties from crude oil & petroleum products was Rs. 163,162 crore in India during 2018-19, down by -23.4% against Rs. 213,012 crore during 2017-18. Out of Rs. 163,162 crore realised from crude oil & petroleum products during 2018-19; Rs. 157,975 crore (96.82%) was contributed by excise duties and Rs. 5,187 crore (3.18%) was contributed by customs duties.

Realisation of excise duties from crude oil & petroleum products was Rs. 63,478 crore in 2012-13. It has jumped by 5.92% to Rs. 67,234 crore during 2013-14 above 2012-13. We have seen annual decline of -8.08% in realisation of excise duties from crude oil & petroleum products during 2017-18 from Rs. 227,131 crore during 2016-17. Realisation of excise duties from crude oil & petroleum products was Rs. 157,975 crore in 2018-19, down by -24.33% versus Rs. 208,781 crore during 2017-18.

Realisation of customs duties from crude oil & petroleum products was Rs. 5,373 crore in 2012-13. It has spiked by 21.81% to Rs. 6,545 crore during 2013-14 over 2012-13. Annual growth of 22.96% has been observed in realisation of customs duties from crude oil & petroleum products during 2017-18 from Rs. 3,441 crore during 2016-17. Realisation of customs duties from crude oil & petroleum products was Rs. 5,187 crore in 2018-19, up by 22.6% against Rs. 4,231 crore during 2017-18.

The maximum annual growth of 92.27% has been found in 2015-16 in realisation of excise duties and 22.96% has been seen in 2017-18 in realisation of customs duties from crude oil & petroleum products during the period under consideration.

Note: Data value are in Rs. crore; P: Provisional; Excise and customs duty paid on crude oil and petroleum products on the basis of their respective Central Excise Tariff Heads (CETH) under chapter-27 excludes CETH 2701 to 2708 & 2716 which do not pertain to oil & gas sector; Source: Central Board of Indirect Taxes & Customs (CBIC).

Dataset URL: https://data.gov.in/node/6781530

Resource Title: Realisation of Excise and Customs Duties from Crude Oil and Petroleum Products from 2012-13 to 2018-19