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Sitharaman raised excise duty and road and infrastructure cess on the auto fuels by Rs 2 per litre each to raise over Rs 28,000 crore.
Finance Minister T M Thomas Isaac told the Assembly on Friday that he would go ahead with the 'Kerala Flood Cess'.
In 2016, almost two-thirds of Indian imports that appear to be most at risk for some degree of potential revenues losses are imports from just one country, China, which was by far India's largest source of imports in that year.
The opposition staged a walkout after the CM stated that the one per cent VAT relief was to encourage operations at the greenfield Kannur airport
Isaac also said that after the GST (Goods and Services Tax) returns are filed, traders who evaded taxes would be traced and action initiated against them.
Currently there are 34 goods left in the highest tax bracket of 28 per cent.
The Delhi Petrol Dealers Association (DPDA) said the Delhi government's inaction was hampering their business.
Petrol price was cut by 25 paise a litre and diesel by 17 paise, according to the price notification of state-owned oil firms.
The sale of six cars owned by the 62-year-old former Kingfisher Airline boss and related concerns will take place following a UK High Court enforcement order last week.
He also urged the Prime Minister for early action on the construction of an AIIMS at Thoppur in Madurai.