New Delhi The Finance Ministry late on Thursday introduced down windfall tax on domestically produced crude to zero from ₹1,800 a tonne. That is the second time the tax has been lowered to zero. The central authorities, had with impact from the July 1, 2022, imposed sure duties /cesses on domestically produced crude petroleum. Nonetheless, … Read more
The Centre has lower windfall tax on petroleum crude to zero from ₹1,850 per tonne, efficient from September 18, a notification issued on Tuesday confirmed. The federal government critiques the windfall tax each fortnight, and the lower comes after a big decline in crude costs. International benchmark Brent crude costs have fallen to under $75 … Read more
The federal government has minimize windfall tax on domestically-produced crude oil to ₹1,850 per tonne, from ₹2,100 per tonne with impact from Saturday. The tax is levied within the type of Particular Further Excise Responsibility (SAED). The SAED on the export of diesel, petrol and jet gas or ATF, has been retained at ‘nil’. The … Read more