Sunday, October 1, 2023

Windfall tax

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...

Windfall tax on crude not ad hoc: Sitharaman

Finance minister Nirmala Sitharaman on Monday said windfall tax on petroleum products, crude is not ad hoc, but being charged in regular consultation with the industry.Addressing an event organised online, the minister said it is unfair to call windfall...