Central Govt hikes Windfall Tax on Domestic Crude Oil, cuts levy on Export of Diesel and ATF [Read Notification]

Central Govt hikes Windfall Tax on Domestic Crude Oil - cuts levy on Export of Diesel and ATF - TAXSCAN

On Friday, the government increased the special additional excise duty (SAED) on crude petroleum to Rs 12,100 per tonne, starting from September 30. In the previous review on September 15, a windfall tax of Rs 10,000 per tonne was set for domestically produced crude oil. Furthermore, the excise duty on diesel exports will be lowered…

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