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Windfall profit tax cut on domestic crude oil, diesel; scrapped for jet fuel
short by Ambarish Awale / on Sunday, 2 October, 2022
According to a Finance Ministry notification issued late Saturday night, the tax on domestically produced crude oil was reduced from ₹10,500 to ₹8,000 per tonne. The levy on the diesel export was reduced to ₹5 per litre from ₹10 per litre. The government also scrapped the export tax on jet fuel completely. All the changes will be effective immediately.
read more at Moneycontrol