Govt cuts windfall tax on domestic crude, hikes duty on diesel, ATF
The Indian government has reduced the windfall gain tax on domestically produced crude oil to ₹6,700 per tonne from ₹7,100 per tonne. The export duty on diesel has been increased to ₹6 per litre from ₹5.50 per litre, while the duty on Aviation Turbine Fuel (ATF) has been increased to ₹4 per litre from ₹2 per litre.
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