Key Points
India cuts windfall tax on domestic crude, export of diesel, ATF..
The government on Tuesday cut special additional excise duty (SAED) on crude petroleum to Rs 9,050/tonne with effect from October 18.In the last fortnightly review on September 29, windfall tax on domestically produced crude oil was set at Rs 12,200/tonne...
The government on Tuesday cut special additional excise duty (SAED) on crude petroleum to Rs 9,050/tonne with effect from October 18...
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India hikes windfall tax on crude petroleum to Rs 7,100 per tonne
14, Aug, 23The Indian government has increased the windfall tax on crude petroleum to Rs 7,100 per tonne from Rs 4,250 per tonne with effect from August 15. This comes just weeks after the government had hiked the tax to Rs 4,250 per tonne from Rs 1,600 per tonne. Special Additional Excise Duty on diesel will also see a rise, being hiked to Rs 5.50 per litre from Re 1 per litre at present, and a duty of Rs 2 per litre will be imposed on jet fuel or ATF from August 15.
Centre cuts windfall gains tax on domestic crude oil to nil
16, May, 23The Central govt. on May 16, 2023, cut the windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and Aviation Turbine Fuel
Govt slashes windfall tax on diesel to Rs 0.50 per litre, nil on ATF
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