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Articles for Windfall Profit Tax

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
Windfall profit tax hiked on domestically produced crude oil
1 year, 10 months ago

Windfall profit tax hiked on domestically produced crude oil

Deccan Chronicle  

New Delhi: In line with international oil prices, the Centre has raised the windfall profit tax levied on domestically-produced crude oil as well as on the export of diesel and aviation turbine fuel. However, top officials said that the windfall profit tax on domestically produced crude oil and export of fuel will continue and is expected to give about Rs …

Tax Oil Fuel Profit Export Crude Crude Oil
Govt cuts windfall profit tax on crude oil, hikes levy on export of diesel, ATF
2 years, 1 month ago

Govt cuts windfall profit tax on crude oil, hikes levy on export of diesel, ATF

Hindustan Times  

The government on Tuesday cut windfall tax on domestically produced crude oil while increasing the rate on export of diesel and jet fuel in line with rise in international oil prices. The tax on crude oil produced by firms such as state-owned Oil and Natural Gas Corporation, was cut to ₹9,500 per tonne from ₹11,000, beginning November 2, a government …

Tax Oil Diesel Windfall Tax Crude Oil Litre Windfall
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
Centre Hikes Windfall Profit Tax on Export of Diesel, ATF; Increases Tax on Crude Oil
2 years, 3 months ago

Centre Hikes Windfall Profit Tax on Export of Diesel, ATF; Increases Tax on Crude Oil

News 18  

Windfall Profit Tax on Export of Diesel Hiked: The government recently has increased the windfall profit tax on the export of diesel to Rs 13.5 per litre and that on jet fuel exports to Rs 9 per litre. At the fourth fortnightly review, the government raised the windfall profit tax on the export of diesel to Rs 13.5 per litre …

Tax Oil Fuel Price Profit 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
Centre cuts windfall tax on oil producers; hikes duty on ATF, diesel exports
2 years, 4 months ago

Centre cuts windfall tax on oil producers; hikes duty on ATF, diesel exports

Firstpost  

India first imposed windfall profit taxes on 1 July, joining a growing number of nations that taxes super normal profits of energy companies. But international oil prices have cooled since then, eroding the profit margins of both oil producers and refiners New Delhi: Windfall profit tax on local oil producers has been cut on expected lines but increasing the levy …

India Tax Oil Exports Profit Export Diesel