Key Points
The Indian government on Monday increased the windfall tax on crude petroleum to Rs 7,100 per tonne from Rs 4,250 per tonne with effect from August 15, according to the notification of Finance Ministry...
Earlier this month, government had hiked windfall tax on crude petroleum to Rs 4,250 per tonne from Rs 1,600 with effect from August 1..
It imposed tax on crude oil producers and extended the levy on exports of gasoline, diesel and ATF, joining a growing number of nations that tax super normal profits of energy companies...
While duties were slapped on the export of petrol, diesel and jet fuel (ATF), a Special Additional Excise Duty (SAED) was levied on locally produced crude oil...
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Govt hikes windfall tax on petroleum crude to ₹7,100 per tonne from 15 August
15, Aug, 23The government has increased the windfall tax on petroleum crude to ₹7,100 rupees ($85.37) per tonne from 4,250 rupees per tonne with effect from tomorrow, 15 August according to a government notification
Govt hikes windfall tax on domestic crude, cuts levy on export of diesel, ATF
29, Sep, 23India Business News: NEW DELHI: The government on Friday hiked special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne with effect from September 3.
Centre increases windfall tax on petroleum crude after gap of 2 months
14, Jul, 23The windfall tax will be effective from 15 July onwards.
Centre slashes windfall tax on domestic crude oil to Rs 3,500 per tonne; hikes duty on diesel
21, Mar, 23Meanwhile, the government increased the export duty on diesel to Re 1 per litre from Rs 0.50.
India slashes windfall tax on crude oil production to Rs 3,500 per tonne
21, Mar, 23It also marginally increased export duty on diesel to Rs one per litre from Rs 0.50 while keeping both petrol and Aviation Turbine Fuel (ATF) exempted from the export levy. The new rate will be effective from March 21.
Centre revises windfall gains tax on crude, fuel
04, Mar, 23According to the revised order, the Special Additional Excise Duty (SAED) on crude petroleum will be hiked from ₹4350 per tonne to ₹4400 per tonne
India slashes windfall tax on diesel to Re 1, crude oil to Rs 6,300, rates effective from Nov 16
16, Nov, 23In July 2022, India first introduced windfall profit taxes. At that time, export duties of Rs 6 per litre each were levied on petrol and ATF and Rs 13 per litre on diesel.
Government slashes windfall tax on crude petroleum
03, Feb, 24India Business News: NEW DELHI: The government has hiked windfall tax on domestically produced crude oil to Rs 3,200 per tonne from Rs 1,700 per tonne with effect from Sat.
ONGC, Oil India Ltd to benefit as Govt cuts windfall tax on crude oil
16, Nov, 23India Business News: NEW DELHI The government on Thursday reduced windfall tax on crude oil to Rs 6,300 per tonne from Rs 9,800 in its fortnightly review which will benefi.