Which of the following components of Central Government taxes on petroleum products is/are <strong>NOT</strong> shareable with the States?<br>1. Basic Excise Duty<br>2. Additional Excise Duty<br>3. Special Additional Excise Duty<br>Select the correct answer using the code given below.
- A. 1 and 2 only
- B. 1, 2 and 3
- C. 3 only
- D. 2 and 3 only ✓
Correct Answer: D. 2 and 3 only
Explanation
Basic Excise Duty is part of the divisible pool of taxes shared with the States. However, Additional Excise Duty and Special Additional Excise Duty, which are levied as cesses or surcharges, are typically retained entirely by the Centre.
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