BREAKING NEWS
Mumbai Indians focussed on getting bowling combination right in IPL mega auction: Ambani
Two leopards captured in village near Bengaluru after fatal attack on woman
Supreme Court rejects plea for reverting to ballots in elections
Those against Constitution are speaking about changing it, says Karnataka CM
Thought RR might be a good environment for Suryavanshi to grow in: Head coach Rahul Dravid
Russian national’s body found floating in hot water spring in Uttarkashi
MUDA case: Karnataka HC adjourns hearing till Dec 10
‘Charges against Adani in bribery case can be withdrawn if deemed unworthy after Trump takes over as President’
Andaman drug seizure: Police trying to get call record of satellite phone
Gautam Gambhir flies back home for ‘personal emergency’, to rejoin in Adelaide
Low-intensity explosion outside Chandigarh bar-cum-lounge, say police sources
Essar Group co-founder Shashi Ruia dies at 80
Battle royal at Udaipur palace after BJP’s Vishvaraj Singh denied entry over family feud
RBI Governor Shaktikanta Das hospitalised
Boy chokes to death after eating more than three pooris together
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
Essar Group co-founder Shashi Ruia dies at 80
Sensex, Nifty climb in early trade amid fresh foreign fund inflows
RBI Governor Shaktikanta Das hospitalised
Sensex reclaims 80k mark; Nifty surges over 1% after BJP-led Mahayuti’s win in Maharashtra
Rapid digital expansion to create over 1 lakh new jobs in fiber tech in India in next 5 years
MUST WATCH
Latest Additions
Adityanath hits out at Congress for ‘strangling’ Constitution
Mumbai Indians focussed on getting bowling combination right in IPL mega auction: Ambani
Two leopards captured in village near Bengaluru after fatal attack on woman
Ensure safety of minorities: India on arrest of Hindu leader Chinmoy Das in Bangladesh
Rituals being conducted at temples for Shinde’s continuation as Maharashtra CM
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.