The SAED is a tax imposed on the supernormal profits of energy companies and is adjusted based on average oil prices over a two-week period.
On September 18, 2024, the Indian Government officially abolished the windfall tax on Petroleum Crude, Diesel, and Aviation Turbine Fuel (ATF), as announced in a recent notification. The Special Additional Excise Duty (SAED) on these commodities is now set to zero. The SAED is a tax imposed on the supernormal profits of energy companies and…
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