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Excise duty levied on the fuels domestically remains unchanged. Representational file image. | Photo Credit: J. ALLEN EGENUSE In their latest fortnightly review, the government further reduced the export levy on diesel and aviation turbine fuel (ATF) whilst keeping the levy on petrol unchanged. Excise duty levied on the fuels domestically remains unchanged. For the…
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Image used for representational purposes only. | Photo Credit: Reuters In their latest fortnightly review, the government cut the export duty on petrol to nil, whilst reducing the levy on export of diesel and aviation turbine fuel (ATF) to ₹24 for every litre and ₹19.5 for every litre respectively. Also read | Export duty on…
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Representational image of crude oil barrels ready to be transported. | Photo Credit: AP The government has cut the windfall profit tax on crude oil produced in the country while the levy on exports of diesel and aviation turbine fuel (ATF) has been hiked, an official notification said. The tax, levied in the form of…
Read More “Windfall profit tax on crude oil cut; levy on diesel, ATF exports hiked” »