Monday, December 5, 2022
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windfall tax

Oil ministry seeks review of windfall tax; wants certain fields exempt

Ministry has argued that windfall profit tax on domestically produced crude oil goes against the principle of fiscal stability provided in contracts

Govt cuts windfall tax on domestic crude oil

The government has cut the windfall tax on locally-produced crude oil in line with a fall in international rates with effect from September 17

FM defends windfall tax on crude, oil product exports

Nirmala Sitharaman has said that the windfall tax on crude oil & additional tax on petroleum products export have been imposed in consultation with the industry

Windfall tax review more likely after sharp fall in global crude prices, says report

A crash in refining margins of diesel, petrol & ATF has diminished the gains of refiners, necessitating a review of the windfall tax, a report said

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