Monday, September 25, 2023

SAED

Govt increases windfall tax on petroleum crude

Government has on Friday increased the windfall tax on petroleum crude to Rs 10,000 per tonne from Rs 6,700 per tonne with global crude prices being on the rise lately. The increase will come into effect from September 16. The...

Centre increases windfall tax on crude oil to Rs 1,600 per tonne

The Centre has reimposed a windfall tax on domestic petroleum crude, effective from July 15.According to a notification, the government has levied the Special Additional Excise Duty (SAED) on crude petroleum, which has been raised to Rs 1600/per metric...

Govt slaps export tax on petrol, diesel

The government on Friday slapped an export tax on petrol and diesel after some refineries made “phenomenal profits” shipping overseas at the cost of domestic supplies, and imposed a Rs 66,000 crore windfall tax on crude oil produced locally.A...

Slash on fuel prices optical delusion and political gimmick: Opposition

As the Centre and opposition parties call each other out on the recent cut in central excise duty on fuel, with the latter accusing the government of “duping” people by “jugglery of figures”, Union Finance Minister Nirmala Sitharaman Sunday...