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India reimposes windfall tax on petroleum crude after two months

Today s revision in windfall tax on domestic crude comes on the back of rising global oil prices. India had cut the windfall tax on petroleum crude to zero from Rs 4,100 per tonne, in May. ....

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Windfall profit tax on crude oil cut; levy on export of diesel, ATF hiked

While the windfall profit tax is calculated by taking away any price that producers are getting above a threshold, the levy on fuel exports is based on cracks or margins that refiners earn on overseas shipments. ....

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