BREAKING NEWS
Rishabh Pant braces for Test return after 632 days
Cricket and Spirituality: When Gambhir recited ‘Hanuman Chalisa’ and Kohli chanted ‘Om Namah Shivay’
Delhi LG proposes Sep 21 swearing-in of CM-designate Atishi
Bull run continues… Sensex, Nifty hit fresh record high levels
UP: Overcharging Re 1 from patients costs govt hospital employee his job
‘Exhibits personal hatred’: Congress files police complaint over statements of NDA leaders targeting Rahul Gandhi
Railway official loses Rs 9 lakh online as fraudsters pose as CBI men in Maharashtra, present him before ‘judge’
Hundreds of pagers exploded in Lebanon and Syria in a deadly attack. Here’s what we know.
Translocated tigress gives birth to two cubs in MP’s Madhav National Park
Wildlife hospital inaugurated on second anniversary of cheetah reintroduction project in Madhya Pradesh
Army paratrooper killed, 5 commandos injured in road accident in J&K’s Rajouri
HD Deve Gowda’s successor: Kumaraswamy to become JDS’ national president?
Mangaluru’s Panambur Beach shrinking, cause still unclear
Mangaluru: Pilikula Zoo to receive penguins and anacondas
J&K Assembly Elections 2024: Polling begins for phase 1
Windfall tax on crude petroleum reduced to Rs 1,850 per tonne with effect from August 31
PTI, Aug 31, 2024, 12:12 PM IST
The government has cut windfall tax on domestically-produced crude oil to Rs 1,850 per tonne, from Rs 2,100 per tonne with effect from Saturday.
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’.
The new rates are effective from August 31, 2024, an official notification issued late Friday said.
India first imposed windfall profit taxes on July 1, 2022, joining a host of nations that tax supernormal profits of energy companies. The tax rates are reviewed every fortnight based on average oil prices in the previous two weeks.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Bull run continues… Sensex, Nifty hit fresh record high levels
Airfare hike not linked to rise in airport charges: Airports Council International
Markets decline in early trade on profit-taking after record rally
NCLT recalls order on Zee-Sony merger, allows withdrawal of scheme
SpiceJet shareholders approve Rs 3,000 cr fund raising plan
MUST WATCH
Latest Additions
Karnataka govt. resolves to make drug peddling a non-cognisable offence
‘One nation, one election’ not practical; BJP’s bid to divert attention: Mallikarjun Kharge
Indus Water Treaty: India seeks review, serves formal notice to Pakistan
Rishabh Pant braces for Test return after 632 days
Cricket and Spirituality: When Gambhir recited ‘Hanuman Chalisa’ and Kohli chanted ‘Om Namah Shivay’
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.