windfall profit tax

The government on Thursday reduced the windfall tax on petroleum crude marginally to Rs 13,000 per tonne from Rs 17,750 per tonne after crude oil prices reached 6 months low. The centre, however has increased levy on diesel exports to Rs…

The just-introduced tax on windfall energy profits of oil refiners like Reliance Industries is not only levied on the diesel they export but also on the supplies they make to fuel retailers within India, sources said. The government on…