Thursday, October 6, 2022
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Indian government increases windfall profit tax on export of ATF & diesel, raises tax on domestic crude oil

At the fourth fortnightly review, the government raised the windfall profit tax on the export of diesel to INR 13.5 per litre from INR 7 per litre. The tax on Aviation Turbine Fuel (ATF) exports too has been hiked to INR 9 from INR 2 per litre with effect from September 1, according to a finance ministry notification issued recently.
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