Central Govt Lowers Windfall Tax on Crude to ₹1,700/tonne [Read Order]

The windfall tax on crude petroleum has been reduced from ₹2,300 per tonne to ₹1,700 per tonne.
Central Govt - Windfall Tax - Crude - Central Govt Lowers Windfall Tax - Central Govt Lowers Windfall Tax on Crude - taxscan

The Central Government has notified the reduction in windfall tax on crude from Rs. 2,300 per tonne to Rs. 1,700 per tonne with effect from 16th January 2024. On January 2, the government had lifted the windfall tax on petroleum crude oil to ₹2,300 a tonne from ₹1,300 a tonne. This decision is poised to…

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