Windfall Tax Reset: Petrol Exports Exempt, Diesel Duty Raised
India, Oct. 31 -- The government has revised export duties on petroleum products, withdrawing the special additional excise duty on petrol exports while increasing levies on diesel and aviation turbine fuel (ATF). The revised rates were announced through notifications issued by the Ministry of Finance on Saturday. Under the new structure, petrol exports will no longer attract an export duty, compared with the earlier levy of Rs2.50 per litre. The duty on diesel exports has been raised from Rs8.50 to Rs11.50 per litre, while the levy on ATF has increased from Rs10.50 to Rs11 per litre.
The latest changes form part of the government's fortnightly review of fuel export duties, which takes into account movements in international crude oil pr...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.