HomeEconomy NewsWindfall tax on crude petroleum minimized to ₹4,600 per tonne
The SAED on the export of diesel, fuel and jet fuel or ATF hasactually been maintained at nil. The brand-new rates endedupbeing efficient on August 1, an authorities alert stated.
By CNBC-TV18 August 1, 2024, 12: 03: 39 AM IST (Updated)
The union federalgovernment on Wednesday (July 31) lowered windfall tax on locally produced crude oil to ₹4,600 per tonne from ₹7,000 per tonne. The tax is imposed in the kind of a Special Additional Excise Duty (SAED).
The SAED on the export of diesel, gas and jet fuel or ATF hasactually been maintained at nil. The brand-new rates endedupbeing reliable on August 1, an authorities notice stated.
India veryfirst enforced windfall revenue taxes on July 1, 2022, and signedupwith a host of countries t