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WINDFALL TAX SCRAPPED
Windfall tax on domestic crude, fuel exports scrapped after 30 monthsIndia has scrapped the windfall profit tax on domestically-produced crude oil and exported jet fuel, diesel, and petrol, due to declining i...03 Dec, 2024, 12.13 AM IST- RIL, ONGC shares recover as government scraps windfall tax on key petroleum productsImplemented in July 2022, the windfall tax targeted the substantial profits earned by oil producers amid surging global crude prices. Relia...02 Dec, 2024, 02.06 PM IST
- Govt scraps windfall tax on petrol, diesel exports; big relief for Reliance, ONGCThe government has abolished the windfall tax on aviation turbine fuel, crude products, petrol, and diesel after extensive deliberations. T...02 Dec, 2024, 01.20 PM IST
- Finance Ministry rethinks windfall tax; Oil Ministry for natural gas under GSTThe finance ministry is assessing the windfall tax on petrol, diesel, and aviation fuel exports. It is also considering bringing natural ga...28 Nov, 2024, 11.55 PM IST
- Nirmala Sitharaman & Co said to be evaluating windfall taxIndia's government is reviewing the windfall tax on local crude oil. The tax was introduced in July 2022 after global crude prices surged. ...28 Nov, 2024, 11.40 AM IST
- India considers scrapping windfall tax on crude oil: Relief for Reliance Industries and ONGC?India's finance ministry is considering removing the windfall tax on crude oil production due to a substantial drop in global oil prices. T...23 Oct, 2024, 01.13 PM IST
- Government scraps windfall tax on crude oilThe Indian government has announced the removal of the windfall tax on crude oil, effective from September 18. Initially imposed in July 20...17 Sep, 2024, 10.41 PM IST
- India cuts windfall tax on petroleum crude to zeroIn early may, the govt had slashed windfall tax on domestically produced crude oil to ₹4,100 per tonne from ₹6,400 per tonne.15 May, 2023, 11.33 PM IST
- Centre slashes windfall tax on crude oil to Rs 4,100 per tonneThe export duty exemption for petrol, diesel and aviation turbine fuel will continue. The duty will be effective May 2, according to a noti...02 May, 2023, 08.41 AM IST
- Windfall tax reimposed on local crude oil; duty on diesel exports scrappedThe export duty exemption for petrol and aviation turbine fuel (ATF) will continue. In the last revision the Centre had reduced the windfal...19 Apr, 2023, 10.45 AM IST
- India slashes windfall tax on crude oil production to Rs 3,500 per tonneIt also marginally increased export duty on diesel to Rs one per litre from Rs 0.50 while keeping both petrol and Aviation Turbine Fuel (AT...04 Apr, 2023, 04.29 PM IST
- India cuts windfall tax on crude production to nilIndia has cut all windfall tax on crude oil from 3,500 rupees ($42.56) per tonne effective from Tuesday, as per a government notification. ...04 Apr, 2023, 04.01 PM IST
- Windfall tax hiked marginally to Rs 4400, export duty on ATF scrappedExports of petrol will continue to attract nil duly. The new rates will be applicable from March 4. India imposed windfall profit taxes on ...04 Mar, 2023, 08.27 AM IST
- Govt reduces windfall gain tax on crude production, ATF and diesel exportIndia first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies....16 Feb, 2023, 08.27 AM IST
- Windfall profit tax on crude oil halved, levy on export of diesel too slashedThe tax on crude oil produced by firms such as state-owned Oil and Natural Gas Corporation (ONGC) has been reduced to Rs 4,900 per tonne fr...01 Dec, 2022, 07.03 PM IST
- Windfall profit tax cut on domestic crude oil, diesel; scrapped for ATFThe tax at the rate of Rs 5 a litre on Aviation Turbine Fuel (ATF) exports was scrapped with effect from October 2, according to a finance ...03 Oct, 2022, 12.29 AM IST
- Windfall tax cut on oil producers on expected lines; hike in levy on ATF, diesel exports surprises analystsAt the third fortnightly review, the government has increased the windfall profit tax on the export of diesel to Rs 7 per litre from Rs 5 a...19 Aug, 2022, 03.57 PM IST
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