Mon, December 2, 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
India removes windfall profit tax on domestically-produced crude oil and fuel exports
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Ripple's XRP Becomes One of World's Biggest Cryptocurrencies After Trump Election Surge
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Swiss corruption case involving Trafigura and former executive opens
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Sebi issues attachment order for Anil Ambani's Reliance Big Entertainment
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Stock market today: Dow, S&P 500 hold near record highs to kick off final month of banner 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
The good and the bad for South Africa heading into 2025
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Costco's Buffalo plan: cost, timeline and more
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Avoid bad financial decisions: Spend wisely this festive season
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Money blog: The one supplement experts agree is worth every penny
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Comment: Women are custodians of nature - and key to improving the integrity of carbon markets
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Top Dividend Stocks To Watch In December 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Explainer: What's next in France's political and budget crises?
[ Mon, Dec 02nd 2024 ]: Bill Williamson
The Closing: Dayssi Kanavos
[ Mon, Dec 02nd 2024 ]: Bill Williamson
I'm in my 50s and am planning for early retiremen .. axes on the $9 million in my retirement accounts?
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Business Council of Australia declares South Australia the winner for 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Finance in the Age of AI: BFSI CFOs explore opera .. xcellence, enhanced security and future readiness
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Lord's Mark Industries Ltd. Strengthens Financial .. t of Sanjeev S Gupta & Associates as Peer Auditor
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Maxed out? Try these five Stealth Elf moves to take control of your credit card debt
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Kazakh & Chinese Officials, Business Leaders Intend to Enhance Interregional Cooperation
[ Mon, Dec 02nd 2024 ]: Bill Williamson
FTSE 100 LIVE: Stocks lower as UK house prices grow at fastest annual pace for two years
[ Mon, Dec 02nd 2024 ]: Bill Williamson
FinBox launches Industry's first Account Aggregation based data platform
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Active fund managers hiked exposure to these sub-sectors. Are you invested in any of these?
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Brian Anderson, driver of Akron polymer cluster, takes a break
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom
[ Mon, Dec 02nd 2024 ]: Bill Williamson
How to get a PAN card digitally on your email? A step-by-step guide
[ Mon, Dec 02nd 2024 ]: Bill Williamson
SBI to Open 500 New Branches in FY25 | Latest News
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Prosus' potential India IPOs: Meesho, BlueStone, PayU and Urban Company
[ Mon, Dec 02nd 2024 ]: Bill Williamson
'Cost of health, life insurance...': Nirmala Sitharaman shares crucial update on GST in Parliament
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Stupid Good BBQ opens in Springfield this week (why it's called that)
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Major update on 'new' currency for South Africa, China and India
[ Mon, Dec 02nd 2024 ]: Bill Williamson
PM explores airport management partnership with Egyptian-French consortium
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Aberdeen and Watertown Monuments' company headquarters in Minnesota expands
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
[ Mon, Dec 02nd 2024 ]: Bill Williamson
India's GDP misses expectations, but experts see limited market fallout
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Best Unsecured Personal Loans of 2024: Reviews, Fees, & Comparisons
[ Mon, Dec 02nd 2024 ]: Bill Williamson
The best business credit cards of December 2024
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Kenya Pays Over KSh 965.9m in Stipends, Arrears to More than 3,000 Medical Interns
[ Mon, Dec 02nd 2024 ]: Bill Williamson
BRICS, De-Dollarization, and the US Trade War: What's at Stake?
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Kuwait's Investment Landscape and Financial Resilience Explored at Exclusive Event
[ Mon, Dec 02nd 2024 ]: Bill Williamson
SG Enable, Zero Project host first Apac symposium on inclusive hiring and workplaces
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Digital Agriculture Mission: Centre asks states to make farmer IDs faster
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Traders' Diary: Lemon Tree, DMart, Cochin Shipyar .. over a dozen scrips on analysts' watchlists today
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Delhi HC to hear plea by BJP MLAs seeking CAG reports in Assembly
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Gold loans from banks surge, other personal loans see moderate rise
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Budget could wipe out 125,000 jobs in family businesses
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Australia's central bank says risks from non-bank lenders limited
[ Mon, Dec 02nd 2024 ]: Bill Williamson
NSE Indices launches Nifty India Railways PSU Index
[ Mon, Dec 02nd 2024 ]: Bill Williamson
Financial and community hurdles slow geothermal energy development in Southeast Asia

India removes windfall profit tax on domestically-produced crude oil and fuel exports

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. tically-produced-crude-oil-and-fuel-exports.html
  Print publication without navigation Published in Business and Finance on by Bill Williamson
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
The Centre has removed the windfall profit tax on domestically-produced crude oil and fuel exports, according to media reports. Minister of State for finance Pankaj Chaudhary reportedly tabled a notification in the Rajya Sabha about the decision of removing tax on crude oil.
The Indian government has eliminated the windfall profit tax on domestically produced crude oil and the export of fuels like diesel and aviation turbine fuel (ATF), effective immediately as of December 2, 2024. This decision was influenced by the decline in global oil prices, which had previously prompted the imposition of these taxes to capture excess profits when oil prices were high. The removal of the Special Additional Excise Duty (SAED) on crude oil, which was set at Rs 6,300 per tonne, and on diesel and ATF exports, previously at Rs 1 per litre, aims to encourage domestic production and exports. This move is expected to benefit oil companies by allowing them to retain higher profits from their sales, potentially stimulating investment in the sector.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/markets/capital-market-news/india-removes-windfall-profit-tax-on-domestically-produced-crude-oil-and-fuel-exports-124120200938_1.html ]


Similar Business and Finance Publications
[ Fri, Nov 29th 2024 ]: Bill Williamson
[ Thu, Nov 28th 2024 ]: Bill Williamson
[ Tue, Sep 15th 2009 ]: Market Wire
[ Mon, Aug 17th 2009 ]: Market Wire
[ Mon, Aug 17th 2009 ]: Market Wire
[ Fri, Aug 14th 2009 ]: Market Wire
[ Thu, Jul 16th 2009 ]: Market Wire
[ Tue, May 19th 2009 ]: Market Wire
[ Thu, Apr 02nd 2009 ]: Market Wire
[ Mon, Mar 30th 2009 ]: Market Wire
[ Fri, Jan 23rd 2009 ]: Market Wire
[ Mon, Dec 01st 2008 ]: Market Wire