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The government has cut windfall tax on domestically produced crude oil to ₹8,400 per tonne from ₹9,600 per tonne with effect from Wednesday. 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, has been retained at nil. The…
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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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The Government has hiked its windfall tax on petroleum crude. File | Photo Credit: Reuters The Government hiked its windfall tax on petroleum crude to ₹4,600 rupees a metric ton from ₹3,300 with effect from March 1, according to a Government Order released on February 29. Also read: Explained | What is windfall tax and…
India imposed the windfall tax on crude oil producers in July last year New Delhi: The government has increased the windfall tax on petroleum crude to 10,000 rupees ($120.36) per ton from 6,700 rupees, effective September 16, according to a government notification on Friday. The government also cut the windfall tax on aviation turbine fuel…
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