Govt hikes Windfall Tax on Petroleum Crude from Rs. 4,900 to Rs. 6,800 in One Go [Read Notification]

The duty has been increased by a substantial Rs. 1,900 all at once
Petroleum crude - Tax hike - Windfall tax - Crude oil tax hike - Crude windfall tax - taxscan

The Central Government has increased the windfall tax on petroleum crude from Rs. 4,900 to Rs. 6,800 per tonne in one swift move with effect from 4th April 2024. The duty has been raised by Rs. 1,900 in one shot. The government vide notification no. 11 /2024 – Central Excise dated 3rd April 2024 has…

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