Windfall gains tax cut: Excise duty on diesel exports down to Rs 23/litre, ATF exports to Rs 33/litre
The Indian government has reduced the windfall gains tax on diesel and aviation turbine fuel (ATF) exports, lowering the excise duty on diesel exports to Rs 23 per litre and on ATF exports to Rs 33 per litre. The move is aimed at boosting fuel exports by making them more competitive in international markets. The revised rates reflect adjustments in tax policy amid changing global energy demand and pricing conditions.
- ▪The excise duty on diesel exports has been reduced to Rs 23 per litre.
- ▪The excise duty on aviation turbine fuel (ATF) exports has been cut to Rs 33 per litre.
- ▪The reduction is part of a windfall gains tax adjustment on fuel exports.
- ▪The change is intended to enhance the competitiveness of Indian fuel exports globally.
- ▪The decision reflects ongoing adjustments in India's fuel taxation policy.
Opening excerpt (first ~120 words) tap to expand
The TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.Read More
Excerpt limited to ~120 words for fair-use compliance. The full article is at Times of India — Top.
Discussion
0 commentsMore from Times of India — Top
