The Indian government has increased the windfall tax on domestically produced crude oil to Rs 7,000 per tonne, up from Rs 6,000 per tonne, effective from July 16. This tax, imposed as Special Additional Excise Duty (SAED), was previously raised on July 1 from Rs 3,250 per metric ton. The export duty on diesel, petrol, and Aviation Turbine Fuel (ATF) remains at zero.
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.