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  • Business Today

Govt revises windfall tax on domestic crude to Rs 6,400; diesel export duty scrapped

The government has revised the windfall tax on domestic crude oil production to Rs 6,400 per tonne as it aims to rationalise the tax structure in the petroleum sector as well as promote investment in the industry.

Windfall tax is a surtax that is imposed on businesses or sectors that benefit above-average profits due to economic expansion.

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