India, Sept. 2 -- The Centre has reduced the export duty on diesel to Rs 1 per litre from Rs 3 and cut the windfall tax to Rs 19 per litre from Rs 24, effective September 1, lowering the overall tax burden on diesel exports from India.

Key Highlights Diesel export levy cut from Rs 3 to Rs 1 per litre. Windfall tax on diesel exports reduced from Rs 24 to Rs 19 per litre. The revised petroleum export duty structure took effect on September 1. Lower taxes could provide relief to Indian diesel exporters. New Delhi, Sept 02: The Centre has revised the taxation framework for petroleum product exports, cutting both the export levy and windfall tax on diesel with effect from September 1. The latest revision is expected to reduce the overall tax ...