Tag: special additional excise duty

Windfall tax on crude petroleum reduced to ₹1,850 per tonne

August 31, 2024 admin

Representational image only. The government has cut the windfall tax on domestically-produced crude oil to ₹1,850 per tonne, from ₹2,100 per tonne with effect from Saturday (August 31, 2024.) The tax is levied in the form of Special Additional Excise Duty (SAED). The SAED on the export of diesel, petrol and jet fuel or ATF,…

Business

Windfall tax on domestically produced crude oil hiked to ₹6,000 per tonne

July 2, 2024 admin

The government has hiked windfall tax on domestically produced crude oil to ₹6,000 per tonne, from ₹3,250 per tonne, with effect from Tuesday, July 2, 2024. Explained | What is windfall tax and why are countries imposing it on the energy sector right now? The tax is levied in the form of Special Additional Excise…

Business

Windfall tax on crude oil, diesel hiked

August 15, 2023 admin

Representational image only. The government has hiked the windfall profit tax on crude oil produced in the country and on export of diesel, while bringing back the levy on overseas shipments of ATF. The tax, levied in the form of special additional excise duty, on domestically produced crude oil has been raised to ₹7,100 per…

Business