The Indian government has announced a reduction in the windfall tax on domestically-produced crude oil from Rs 2,100 to Rs 1,850 per tonne, effective from August 31, 2024. The special additional excise duty on the export of diesel, petrol, and jet fuel continues to be ‘nil’. The tax rates are reviewed every fortnight based on recent oil price trends.
Related Posts
US: Google saw ad startup as a ‘threat’ — and bought it
In a trial, the Justice Department argued that Google’s 2011 acquisition of AdMeld was part of a strategy to eliminate competition in the online ad […]
After 3 years of bumper sales, car companies lower forecast
After a thriving post-Covid period, the Indian car industry faces a downturn as wholesales to dealerships drop by 2% in Q2 FY25. Despite hefty discounts, […]