Windfall tax up on crude oil
New Delhi: The government has hiked windfall tax on domestically produced crude oil to Rs6,000 per tonne, from Rs3,250 per tonne, with effect from Tuesday.The tax is levied in the form of Special Additional Excise Duty (SAED). The SAED on the export of diesel, petrol and jet fuel or ATF, has been retained at ‘nil’. … Read more