Govt cuts windfall tax on crude oil, ATF, export of diesel1 min read 16 Feb 2023, 07:56 AM IST
The new tax rates came into effect from 16 February
The levy is reviewed every fortnight and rates are moderated based on international oil prices
The Central government on Thursday slashed windfall profit tax levied on domestically-produced crude oil, as well as on the export of diesel and aviation turbine fuel (ATF), in line with firming international oil prices, according to an official order.
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