Excise on fertilizer makes no sense Posted on April 22, 2011 by Uttam Gupta Excise-on-fertilizer-makes-no-sense Tags: 'with 10% CGST/ impact Rs 27-54 per bag or Rs 1100 crores', 'pricing compulsions: MRP can't be raised', 'self-defeating move: pay back as subsidy/ why levy?', 'exempt fertilizer from ED/GST', Union Budget (2011-12)', 'excise duty (ED) @ 1% on 130 items including fertilizers', 'ED @ 5% if CENVAT credit sought', 'Revenue Secretary: impact small Rs 2.65 to Rs 5.37 per bag', 'with 5% ED/ 5 times more'