Beat the Heat: 6 Foods You Should Skip This Summer
The government has raised the windfall tax on domestically produced crude oil to Rs 3,200 per tonne from Rs 1,700 per tonne with effect from Saturday.
The tax is imposed in the form of a Special Additional Excise Duty (SAED).
As per an official announcement, the SAED on the export of diesel, petrol, and jet fuel, or ATF, has been maintained at nil.
The revised rates are effective from February 3, 2024.
India introduced windfall profit taxes on July 1, 2022, joining many other countries that tax energy businesses’s above-average profits.
Every two weeks, the tax rates are reviewed depending on the previous two week’s average oil prices.
Also read: 3 Hurt In Knife Attack At Paris Railway Station, Suspect Detained
The National Stock Exchange (NSE) has pledged ₹1 crore to support families of those killed…
Top global leaders called Prime Minister Narendra Modi on Thursday to condemn the Pahalgam terror…
An all-party meeting held in Srinagar on Thursday passed a resolution extending full support to…
Reliance Industries Chairman and Managing Director Mukesh Ambani on Thursday denounced the 22 April terrorist attack…
Prime Minister Narendra Modi spoke with his Israeli counterpart, Benjamin Netanyahu on Thursday, following Tuesday’s terror attack in…
PM Narendra Modi has expressed deep sorrow over the brutal killing of 26 innocent civilians…