Govt cuts windfall tax on fuel export, raises levy on domestic crude oil

The government on Tuesday evening cut the windfall tax on diesel and ATF in line with softening international petroleum product prices but raised the duty on domestically produced crude oil. While the tax on export of diesel was cut to Rs 5 per litre from Rs 11, that on jet fuel (ATF) was scrapped, an official notification showed. Via Times of India https://ift.tt/wKoxOFf