Saturday, Nov 26, 2022
×
Outlook.com
×

Windfall Tax

Windfall Tax

Windfall Profit Tax On Crude Oil Hiked, ATF Remains Unaltered 

While the central government has hiked the windfall tax on domestically produced crude oil, it has kept the export tax on jet fuel or ATF, same.

17 November 2022

ONGC Wants Govt To Scrap Windfall Tax, $10 Gas Price

The firm also favours a floor price for natural gas at $10 per million British thermal unit -- the current government-dictated rate -- to help bring deposits in challenging areas to production


Govt Hikes Windfall Profit Tax On Export Of Diesel, ATF; Raises Tax On Domestic Crude Oil

At the fourth fortnightly review, the government raised the windfall profit tax on the export of diesel to Rs 13.5 per litre from Rs 7 per litre


Government Increases Windfall Tax On Crude Oil By 37%

Apart from hoisting the windfall tax on crude oil, the centre has also made some other significant changes as well

16 October 2022

Finance Minister Nirmala Sitharaman

FM Defends Windfall Tax On Crude, Oil Product Exports

From July 1, the government has imposed a windfall tax on domestically produced crude and additional tax on refined products like petrol, diesel and aviation fuel


Diesel Export Falls 11% In July On Levy Of Windfall Profit Tax

Diesel exports dropped to 2.18 million tonnes in July from 2.45 million tonnes a month back, data from the Oil Ministry's Petroleum Planning and Analysis Cell (PPAC) showed

28 August 2022

Oil Ministry Seeks Review Of Windfall Tax; Wants Certain Fields Exempt

The SAED on domestic crude oil initially was Rs 23,250 per tonne (USD 40 per barrel) and in fortnightly revisions brought down to Rs 10,500 per tonne

19 September 2022

Advertisement

Source: Shutterstock

Reliance, Nayara Face Windfall Profit Tax On Local Supplies Alongside Exports

The government on July 1 levied Rs 13 per litre additional excise duty on diesel exported out of India. A Rs 6 a litre tax was also imposed on petrol and ATF exported out of India

14 August 2022

Advertisement
03 August 2022
Govt Cuts Windfall Tax On Diesel, ATF Export; Raises Levy On Domestic Crude Oil

Govt Cuts Windfall Tax On Diesel, ATF Export; Raises Levy On Domestic Crude Oil

The tax on the export of diesel was cut to Rs 5 per litre from Rs 11, according to an official notification issued on Tuesday evening


23 July 2022
What Is Windfall Tax And Why Do Companies Have To Pay It?

What Is Windfall Tax And Why Do Companies Have To Pay It?

The government recently levied export duties amounting to Rs 6 per litre of $12 per barrel on petrol and ATF, while it imposed Rs 13 a litre or $26 a barrel on...


20 July 2022
Govt Slashes Windfall Tax On Fuel Export, Domestic Crude Oil

Govt Slashes Windfall Tax On Fuel Export, Domestic Crude Oil

While the Rs 6 a litre export duty on petrol was scrapped, the tax on the export of diesel and jet fuel (ATF) was cut by Rs 2 per litre each to Rs 11 and Rs 4...


20 July 2022
Centre Cuts Windfall Tax On Petrol, Diesel, Jet Fuel, Crude Oil

Centre Cuts Windfall Tax On Petrol, Diesel, Jet Fuel, Crude Oil

Centre scrapped a Rs 6 a litre tax on export of petrol and reduced the same on ATF from Rs 6 a litre to Rs 4. Besides, the tax on diesel has been reduced to Rs...


13 July 2022
Windfall Tax Review More Likely Than Expected After Sharp Fall In Global Crude Prices

Windfall Tax Review More Likely Than Expected After Sharp Fall In Global Crude Prices

In a surprise move, the government on July 1 slapped export duties on petrol and ATF (Rs 6 per litre or $12 per barrel) and diesel (Rs 13 a lire or $26 a...


Advertisement

05 July 2022
$12 Billion Windfall For Centre From Windfall Tax On Oil Firms

$12 Billion Windfall For Centre From Windfall Tax On Oil Firms

On July 1, the government imposed windfall gain taxes on the export of petrol, diesel and aviation turbine fuel (ATF), and on the domestic production of crude...


05 July 2022
Windfall Tax On Reliance Industries, ONGC Gives Modi Fiscal Space To Push India's Growth

Windfall Tax On Reliance Industries, ONGC Gives Modi Fiscal Space To Push India's Growth

The oil refiners in India will now pay Rs 6 per litre on the export of petrol and aviation turbine fuel (ATF) as well as Rs 13 on the export of diesel


04 July 2022
Windfall Tax: $12 Margin Hit For Reliance; Government Rakes In Rs 1.3 Lakh Crore

Windfall Tax: $12 Margin Hit For Reliance; Government Rakes In Rs 1.3 Lakh Crore

In a surprise move, the government on July 1 increased import duties on gold (by 5 per cent), added export duties on petrol and ATF (Rs 6/litre; $12 per...


04 July 2022
Government To Review Oil Export, Windfall Tax Based On Forex Rate, Oil Prices Every Fortnight

Government To Review Oil Export, Windfall Tax Based On Forex Rate, Oil Prices Every Fortnight

The government on July 1 imposed a Rs 6 per litre tax on the export of petrol and ATF and a Rs 13 per litre tax on the export of diesel


Advertisement
Advertisement
Advertisement
Advertisement
Advertisement