Search For "windfall tax"
Policy overhaul, windfall tax removal to draw in global oil companies in I
Updated : 1 year, 3 months ago IST
India's move to broaden the scope of its exploration policy beyond petroleum and natural gas while lately abolishing a windfall tax on domestically produced crude oil will likely draw in private and foreign entities to the upstream energy sector, according to S&P Global Commodity Insight
Read More
Govt scraps windfall tax on ATF, crude products, petrol and diesel; relief
Updated : 1 year, 3 months ago IST
The government on Monday withdraws the windfall tax levied on Aviation Turbine Fuel (ATF), crude products, petrol and diesel through a notification introduced in the Lok Sabha.
Read More
Indian stock indices witness a steady start to a new week; Sensex-Nifty la
Updated : 1 year, 6 months ago IST
The benchmark indices Sensex and Nifty closed flat on Monday. The market in the initial trading hours was buoyed by the reduction in windfall tax on crude oil and favourable global cues, ending flat after the trading session.
Read More
Sharp cut in windfall tax on crude petroleum, effective today
Updated : 1 year, 7 months ago IST
The windfall tax on petroleum crude will be reduced to Rs 2,100 per metric ton from Rs 4,600 per ton, according to an official gazette notification. The new rate will be effective from Saturday, August 17, 2024.
Read More
India increases windfall tax on petroleum crude
Updated : 1 year, 8 months ago IST
A tax levied on an unforeseen or unexpectedly large profit is called a windfall tax.
Read More
India again slashes windfall tax on petroleum crude
Updated : 1 year, 10 months ago IST
India started the windfall tax on crude oil producers and on exports of gasoline, diesel and the aviation fuel in July 2022, reportedly to regulate private refiners who wanted to sell fuel overseas instead of locally, to gain from firm refining margins.
Read More
India slashes windfall tax on petroleum crude
Updated : 1 year, 10 months ago IST
The central government has reduced windfall tax on crude petroleum, according to a government notification. The special additional excise duty (SAED) on crude petroleum has been slashed from Rs 9,600 per tonne to Rs 8,400 per tonne.
Read More
Govt hikes windfall tax on domestic crude, reduces levy on export of diese
Updated : 2 years, 6 months ago IST
As per the Gazette of India, the Ministry of Finance, Department of Revenue, issued two notifications, amending previous taxation rates. According to the notifications, the windfall tax on domestic crude oil production has been increased significantly, while levies on the export of aviation
Read More
India cuts all windfall tax on crude oil
Updated : 2 years, 11 months ago IST
The central government has withdrawn all windfall tax on crude oil with immediate effect, according to a government notification.
Read More
Centre cuts windfall tax on crude oil to Rs 4,350/tn from Rs 5,050/tn
Updated : 3 years ago IST
According to a notification from the central government, it was learnt that the additional excise duty on ATF was also cut to Rs 1.5 per litre from Rs 6 per litre earlier.
Read More
Pakistan contemplating Windfall Tax on profits of banking sector
Updated : 3 years, 2 months ago IST
The government is ascertaining the exact levels of windfall profits extracted by the banking sector through recent currency manipulation. The policymakers may slap a tax at a rate whereby there is no threat of choking the banking sector.
Read More
India cuts windfall tax on crude oil, hikes for aviation fuel, diesel
Updated : 3 years, 4 months ago IST
The notification containing the revised tax structure shall come into force immediately from today.
Read More