Govt scraps windfall profit tax on domestic crude oil, export of fuels
India first imposed windfall profit taxes on July 1, 2022 joining a growing number of nations that tax super normal profits of energy companies. Representational file image. | Photo Credit: Reuters The government on Monday (December 2, 2024) scrapped 30-month old windfall profit tax on domestically-produced crude oil and on export of jet fuel (ATF),…
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