scorecardresearchGovt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

Updated: 01 Sep 2022, 08:07 AM IST
TL;DR.
At the fourth fortnightly review, the government raised the windfall profit tax on the export of diesel to 13.5 per litre from 7 per litre. The tax on Aviation Turbine Fuel (ATF) exports too has been hiked to 9 from 2 per litre with effect from September 1, according to a finance ministry notification issued late Wednesday night.
Dimapur, Aug 24 (ANI): Union Finance Minister Nirmala Sitharaman interacts with the business community, women entrepreneurs and media personnel, in Dimapur on Wednesday. (ANI Photo)

Dimapur, Aug 24 (ANI): Union Finance Minister Nirmala Sitharaman interacts with the business community, women entrepreneurs and media personnel, in Dimapur on Wednesday. (ANI Photo)