Government cuts windfall tax on crude oil


New Delhi, Sep 17 (IANS): The government on Friday cut windfall tax levied on locally- produced crude oil from Rs 13,300 per tonne to Rs 10,500 per tonne.

The government also cut tax on Aviation Turbine Fuel (ATF) exports to Rs 8.50 per litre from Rs 9 per litre, according to a gazette notification.

Similarly, cess on export of diesel was slashed to Rs 6.50 per litre from Rs 13.50 per litre.

The decision came after the fifth fortnightly review of windfall taxes conducted by the Centre.

The notification will come into force from September 17.

 

  

Top Stories


Leave a Comment

Title: Government cuts windfall tax on crude oil



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.