NEW DELHI: The federal government on Tuesday reduce particular further excise obligation (SAED) on crude petroleum to Rs 9,050/tonne with impact from October 18.
Within the final fortnightly overview on September 29, windfall tax on domestically produced crude oil was set at Rs 12,100/tonne.
Moreover, the SAED or obligation on export of diesel shall be decreased to Rs 4/litre, from Rs 5 per litre presently.
The obligation on jet gasoline or ATF shall be decreased to Rs 1/litre from Rs 2.5/litre presently.
SAED on petrol will proceed at nil.
India first imposed windfall revenue taxes on July 1, 2022.
Within the final fortnightly overview on September 29, windfall tax on domestically produced crude oil was set at Rs 12,100/tonne.
Moreover, the SAED or obligation on export of diesel shall be decreased to Rs 4/litre, from Rs 5 per litre presently.
The obligation on jet gasoline or ATF shall be decreased to Rs 1/litre from Rs 2.5/litre presently.
SAED on petrol will proceed at nil.
India first imposed windfall revenue taxes on July 1, 2022.
