Windfall Tax On Locally Produced Crude Oil Diesel Expor Updated on dec 2, 2022 at 07:44 am ist. new delhi: the government on thursday announced reduction in windfall tax on locally produced oil, which has been brought down to rs 4,900 per tonne. in addition to this, it also cut export tax on diesel to rs 6.5 per litre. these rates would come into effect from december 2, 2022. The government has raised windfall profit tax on locally produced crude oil by 23.52% to ₹2,100 per tonne from tuesday and also increased the levy on exports of diesel and aviation turbine fuel.
Windfall Tax On Locally Produced Crude Oil Diesel Expor Aug 2 (reuters) india has cut fuel export taxes for the second time in less than two weeks and increased a windfall tax on locally produced crude oil, a government notification on tuesday said. India raised the special additional excise duty on locally produced crude oil to 10,000 rupees ($120.22) per ton from 6,700 rupees, according to a government notification. additional excise duty on export of diesel fuel was reduced to 5.50 rupees liter from 6 earlier, the statement showed. Following the fortnightly review, the windfall tax on crude petroleum produced by firms such as state owned oil and natural gas corporation (ongc) has been nearly halved from rs 10,200 tonne to rs 4,900 tonne. the additional duty on diesel has been brought down to rs 8 per litre from rs 10.50 per litre earlier. The centre had imposed special additional excise duty of rs 23,250 tonne on crude and export taxes on petrol, diesel and atf at rs 6 litre, rs 13 litre and rs 6 litre, respectively from july 1.
Govt Slashes Windfall Profit Tax On Locally Produced Crude Oil C Following the fortnightly review, the windfall tax on crude petroleum produced by firms such as state owned oil and natural gas corporation (ongc) has been nearly halved from rs 10,200 tonne to rs 4,900 tonne. the additional duty on diesel has been brought down to rs 8 per litre from rs 10.50 per litre earlier. The centre had imposed special additional excise duty of rs 23,250 tonne on crude and export taxes on petrol, diesel and atf at rs 6 litre, rs 13 litre and rs 6 litre, respectively from july 1. Effective from today, saed on domestically produced crude oil is cut from ₹5,000 tonne to ₹1,300 tonne. and, saed on diesel exports has been scaled down from ₹1 litre to ₹0.50 litre. The centre raised windfall tax on petroleum crude to 6,000 rupees ($72) per metric ton from 3,250 rupees, effective from july 2, a notification showed. the windfall tax is revised every two weeks.
Govt Increases Windfall Tax On Crude Oil And Diesel Reinstates Taxо Effective from today, saed on domestically produced crude oil is cut from ₹5,000 tonne to ₹1,300 tonne. and, saed on diesel exports has been scaled down from ₹1 litre to ₹0.50 litre. The centre raised windfall tax on petroleum crude to 6,000 rupees ($72) per metric ton from 3,250 rupees, effective from july 2, a notification showed. the windfall tax is revised every two weeks.
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