Windfall tax on crude petroleum cut to ₹5,200/tonne
The new rates of windfall tax on domestically-produced crude oil are effective from June 1. File | Photo Credit: Reuters The government has reduced windfall tax on domestically-produced crude oil to ₹5,200 per tonne from ₹5,700 with effect from June 1. The tax is levied in the form of Special Additional Excise Duty (SAED). SAED…
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