Petrol Will Become Cheaper As Govt Reduces Windfall Tax Effective May 16

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6 months ago

The Central Board of Indirect Taxes and Customs (CBIC) announced a reduction in windfall gains tax on domestically produced crude oil from Rs. 8,400 per tonne to Rs. 5,700 per tonne, effective May 16, 2024. This move aims to alleviate the burden on energy companies amidst fluctuations in international crude oil prices. Revision of Tax […]

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