Tag: Windfall tax on domestically produced crude oil

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

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

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…

Read More “Windfall tax on domestically produced crude oil hiked to ₹6,000 per tonne” »

Business

Windfall tax on crude petroleum cut to ₹5,200/tonne

Posted on By admin
Windfall tax on crude petroleum cut to ₹5,200/tonne

The new rates of windfall tax on domestically-produced crude oil are effective from June 1. File | Photo Credit: Reuters The government has reduced windfall tax on domestically-produced crude oil to ₹5,200 per tonne from ₹5,700 with effect from June 1. The tax is levied in the form of Special Additional Excise Duty (SAED). SAED…

Read More “Windfall tax on crude petroleum cut to ₹5,200/tonne” »

Business