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Windfall Tax On Reliance

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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

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 diesel. The government imposed Rs 23,260 per tonne or a $40 per...

23 July 2022

Source: Shutterstock

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 barrel) and diesel (Rs 13/litre; $26/bbl) and slapped a windfall tax on...

04 July 2022

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