Govt hikes windfall tax on crude petroleum, cuts levy on diesel
Image used for representational purpose. | Photo Credit: Special Arrangement The government has hiked windfall tax on domestically produced crude oil to ₹4,600 per tonne from ₹3,300 per tonne with effect from March 1. The tax is levied in the form of Special Additional Excise Duty (SAED). The SAED on export of diesel, however, has…
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