Central Govt slashes Windfall Tax on Domestically Produced Crude Oil to Rs 2,100 per tonne [Read Notification]

The windfall tax on the export of diesel and aviation turbine fuel (ATF) remains at zero

By Manu Sharma - On August 17, 2024 12:02 pm - 2 mins read

Windfall tax - Windfall tax reduction - Crude oil tax India - Crude oil tax - Indian government tax cut - Crude oil windfall tax - taxscan

The Indian government has made a significant reduction in the windfall tax imposed on domestically produced crude oil, lowering it to ₹2,100 per tonne from the previous rate of ₹4,600 per tonne. This decision marks a continuation of the government’s approach to adjust the tax based on fluctuations in international oil prices. The windfall tax…

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