India slashes windfall tax on petroleum crude

May 01, 2024

The central government has reduced windfall tax on crude petroleum, according to a government notification. The special additional excise duty (SAED) on crude petroleum...

India increases windfall tax on petroleum crude

Jul 02, 2024

A tax levied on an unforeseen or unexpectedly large profit is called a windfall tax.

India again slashes windfall tax on petroleum crude

May 16, 2024

India started the windfall tax on crude oil producers and on exports of gasoline, diesel and the aviation fuel in July 2022, reportedly to...

Declining shipments of petroleum products hurting India's overall export figures

Sep 17, 2024

A substantial decline in the prices of crude oil and similarly petroleum products is one of the key reasons behind the moderating exports globally,...

Sharp cut in windfall tax on crude petroleum, effective today

Aug 17, 2024

The windfall tax on petroleum crude will be reduced to Rs 2,100 per metric ton from Rs 4,600 per ton, according to an official...

Dharmendra Pradhan urges GST Council to bring petroleum products under its purview

Feb 23, 2021

Dibrugarh (Assam) [India], February 23 : Petroleum, Natural Gas and Steel Minister Dharmendra Pradhan has urged Goods and Services Tax (GST) Council to bring...