Not much for the govt to pick up from windfall tax4 min read . Updated: 08 Nov 2022, 12:59 PM IST
- The windfall tax levied as special additional excise duty is aimed at absorbing some of the super-profits earned by domestic crude oil producers.
NEW DELHI : Nearly four months after introducing a windfall tax on refiners and local crude oil producers, the government has managed to garner only ₹2,500-3,000 crore a month from the levy, far less than it needs to fully make up for the losses in revenue due to excise cuts, government officials said.
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