windfall tax

Windfall tax on petroleum crude hiked to Rs 6,000 per tonne

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The Union government has hiked windfall tax on domestically produced crude oil to Rs 6,000 per tonne from Rs 3,250 per tonne. Export duty on petrol and diesel, and aviation turbine fuel (ATF) will continue to be nil. The new rates are effective Tuesday Central Board of Indirect Taxes and Customs (CBIC) said in a … Read more

Govt Slashes Windfall Tax on Domestic Crude to Rs 5,700/tonne

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The new rates are effective from May 16. The tax is levied in the form of Special Additional Excise Duty. The government has slashed the windfall tax on domestically produced crude oil to Rs 5,700 per tonne, from Rs 8,400 per tonne, with effect from Thursday. The tax is levied in the form of Special … Read more