Govt. of Himachal Pradesh notified regarding the Electricity Duty Cess on Banking, Finance and Insurance Institutions

Dec 21, 2025 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe Department of MPP & Power, Govt. of Himachal Pradesh on November 29, 2025, notified regarding the Electricity Duty Cess on Banking, Finance, and Insurance Institutions.

It has included institutions engaged in banking, finance, and insurance as a new category of consumers liable to the electricity cess. A cess of ₹2.00 per unit of electricity consumed has been imposed on this category with immediate effect in public interest. The Himachal Pradesh State Electricity Board Limited (HPSEBL) has been directed to collect the cess at the prescribed rate.

[Notification no. - MPP-A(3)-2/2025]


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