Centre hikes windfall tax on domestic crude, cuts levy on export of diesel, ATF
The Hindu
Govt hikes SAED on crude oil to ₹12,100/tonne; cuts duty on diesel, ATF.
The government on Friday hiked special additional excise duty (SAED) on crude petroleum to ₹12,100 per tonne with effect from September 30.
In the last fortnightly review on September 15, windfall tax on domestically produced crude oil was set at ₹10,000 per tonne.
Besides, the SAED or duty on export of diesel will be cut to ₹5 per litre, from ₹5.50 per litre currently.
The duty on jet fuel or Aviation Turbine Fuel (ATF) will be reduced to ₹2.5 per litre effective Saturday, from ₹3.5 per litre currently.
The SAED on petrol will continue at nil.
India first imposed windfall profit taxes on July 1, 2022.
Flight AI177 will depart Bengaluru at 1.05 p.m. and arrive at London Gatwick at 7.05 p.m. (local time). From London Gatwick, flight AI178 will depart at 8.35 p.m. (local time) and arrive in Bengaluru at 10.50 a.m. (next day arrival). From Bengaluru, the flight will operate on Mondays, Wednesdays, Thursdays, Fridays and Sundays.