Petrol exports to attract ₹3/litre excise duty
New Delhi is shaking up its energy export policy with the introduction of a specialized excise duty on petrol exports. Meanwhile, the government is easing the burden on diesel and aviation fuel exports by cutting associated levies. Starting May 16...
In a notification, the Finance Ministry said the road and infrastructure cess on exports of petrol and diesel will be nil.
There is no change in the existing duty rates on petrol and diesel meant for domestic consumption. The SAED on petrol has been imposed for the first time since the onset of the West Asia crisis.
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