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The Ministry of Finance on Monday late night revised the windfall tax on locally produced crude oil to Rs 3,500 per tonne from Rs 4,400 per tonne. There s also a marginal increase in the export duty on diesel, i.e., hiked from to Re 1 per litre from Rs 0.50. The taxes are reviewed every fortnight. The new rate would be applicable from 21 March 2023. aaa ....
Centre on Monday has cut the windfall tax on crude oil from Rs 2,100 to Rs 1,900 in the latest fortnightly revision. The levy on Aviation Turbine Fuel (ATF) has also been brought down to Rs 3.5 from Rs 4.5 per litre, and the export duty on diesel has been reduced to Rs 5 from earlier Rs 6.5, including cess. aaa ....