hikes lower trump raised expensive alltime today domestic rate updates crude fatally slashed cent growth sector brian profit airline crime review jyotiraditya thomas ghost expected marginally thompson tickets marks bump

Articles for Atf, search results for export

Windfall tax on crude oil hiked to ₹10,000 per tonne, ATF export reduced
1 year, 3 months ago

Windfall tax on crude oil hiked to ₹10,000 per tonne, ATF export reduced

Live Mint  

The government has hiked windfall tax on the sale of locally-produced crude oil from ₹6,700 to ₹10,000 per tonne, with effect from September 16. Centre first imposed the windfall taxes on the sale of locally produced crude oil with effect from July 1, 2022 as oil exploration and producing companies made heavy profits amid multi-year high crude oil prices post …

Oil Crude Windfall Tax Crude Oil
Govt. Notifies Increase In Special Additional Excise Duty On The Export Of Diesel and ATF
1 year, 4 months ago

Govt. Notifies Increase In Special Additional Excise Duty On The Export Of Diesel and ATF

Live Law  

The government has notified the increase in special additional excise duty on the export of Diesel and Aviation Turbine Fuel with effect from 15 August 2023.A new amendment to Notification No. The notification seeks to prescribe rates of Special Additional Excise Duty for exports of petrol. The government has notified the increase in special additional excise duty on the export …

Export Special Additional Notification No Excise Duty Special Additional Excise Duty
Union government slashes windfall gains tax on domestic crude oil to zero | Details inside
1 year, 7 months ago

Union government slashes windfall gains tax on domestic crude oil to zero | Details inside

India TV News  

Windfall gains tax: The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF. Move comes after reduction in international oil prices The cut in windfall gains tax on domestically-produced crude oil follows the easing of international oil prices - from over USD 80 per …

Tax Oil Domestic Cut Export Crude Gains
Windfall tax on diesel slashed to ₹0.50 per litre, nil on ATF
1 year, 9 months ago

Windfall tax on diesel slashed to ₹0.50 per litre, nil on ATF

The Hindu  

The government slashed windfall profit tax on export of diesel to its lowest of ₹0.50 per litre and nil on jet fuel while the levy on domestically produced crude oil was marginally increased, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation has hiked to ₹4,400 per tonne from …

Tax Oil Export Diesel Crude Oil Litre Windfall Profit Tax
Centre hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil
2 years, 2 months ago

Centre hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

The Hindu  

The government on Saturday hiked the windfall profit tax on the export of diesel to ₹12 per litre and that on jet fuel exports to ₹3.50 a litre with effect from October 16. After lowering the tax rates for two consecutive fortnights mirroring fall in global crude prices, the Finance Ministry has brought about a hike in export taxes on …

Tax Profit Export Crude Oil Windfall Profit Tax Diesel Atf
Export tax on diesel, ATF raised; windfall levy on domestic oil production up
2 years, 3 months ago

Export tax on diesel, ATF raised; windfall levy on domestic oil production up

The Hindu  

The government on Thursday raised the tax on the export of diesel and jet fuel and hiked the windfall profit levy on domestically-produced crude oil in line with rising product margins and oil prices. At the fourth fortnightly review, the government raised the windfall profit tax on the export of diesel to ₹13.5 per litre from ₹7 per litre. The …

Tax Oil Domestic Profit Oil Prices Export Crude
Govt. hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil
2 years, 3 months ago

Govt. hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

The Hindu  

The government has hiked the windfall profit tax on the export of diesel to ₹13.5 per litre and on jet fuel exports to ₹9 a litre, besides raising the levy on domestically-produced crude oil in line with the hardening of global prices. At the fourth fortnightly review, the government raised the windfall profit tax on the export of diesel to …

Tax Oil Domestic Profit Export Crude Diesel
Windfall tax on fuel export slashed; raised on domestic crude oil
2 years, 4 months ago

Windfall tax on fuel export slashed; raised on domestic crude oil

India TV News  

Highlights The tax on export of diesel was cut to Rs 5 per litre from Rs 11 The tax on jet fuel was scrapped Export of petrol will continue to attract nil tax Windfall tax on diesel and ATF was cut on Tuesday, while the government raised the duty on domestically produced crude oil. According to an official notification, the …

Tax Oil Domestic Cut Export Crude Diesel
Govt. exempts excise on ATF for overseas flights
2 years, 5 months ago

Govt. exempts excise on ATF for overseas flights

The Hindu  

The Finance Ministry has exempted domestic carriers from paying 11% basic excise duty on aviation turbine fuel when it is used to refuel aircraft for international flights, thus restoring parity with foreign carriers. In a notification issued on Thursday, the Ministry also made clear that the special additional duty on exports for ATF would not apply “when such goods are …

Duty Excise Atf Excise Duty
Government will review new export taxes levied on crude, diesel and ATF every fortnight: Nirmala Sitharaman
2 years, 5 months ago

Government will review new export taxes levied on crude, diesel and ATF every fortnight: Nirmala Sitharaman

Firstpost  

Union Finance Minister Nirmala Sitharaman said that the government does not want to discourage export, but wants domestic availability to increase New Delhi: Union Finance Minister Nirmala Sitharaman on Friday said the government will review every fortnight the new taxes levied on crude, diesel and ATF based on international prices. “We do not want to discourage export, but want domestic …

Tax Export Sitharaman Nirmala Sitharaman Petrol Diesel
Govt to review new taxes levied on crude, diesel, ATF every fortnight, says Nirmala Sitharaman
2 years, 5 months ago

Govt to review new taxes levied on crude, diesel, ATF every fortnight, says Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Friday said the government will review every fortnight the new taxes levied on crude, diesel and ATF based on international prices. "We do not want to discourage export, but want domestic availability to increase," Ms. Sitharaman told reporters in New Delhi. The government on Friday slapped an export tax on petrol, diesel and jet fuel …

Sitharaman New Taxes Export Tax
Government imposes Rs 6 per litre export tax on petrol, ATF; Rs 13 a litre on diesel
2 years, 5 months ago

Government imposes Rs 6 per litre export tax on petrol, ATF; Rs 13 a litre on diesel

Firstpost  

New Delhi: The government on Friday slapped an export tax on petrol, diesel and jet fuel shipped overseas by firms like Reliance Industries Ltd, and imposed a windfall tax on crude oil produced locally by companies such as ONGC and Vedanta Ltd. The government imposed a Rs 6 per litre tax on export of petrol and ATF and Rs 13 …

Tax Oil Crude Oil Petrol Atf Litre Export