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Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
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India Lifts Export Tax On Parboiled Rice As Inventories Surge
India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.
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India's Economy Is Buzzing But Weaker Exports Could Be A Drag
India's economic activity picked up pace in April on record tax collections and a booming services sector though rising unemployment and weaker trade metrics could sap some sentiment.
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Government Cuts Windfall Gains Tax On Domestic Crude Oil To Nil
The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF.
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India's April-February Finished Steel Exports Slump 52% Year-On-Year
The export volume was lower, at 5.9 million tonnes, despite the government's withdrawal of an export tax in November.
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Centre Cuts Windfall Tax On Aviation Fuel, Diesel Exports, New Rates Effective From January 17
The government has also reduced the tax on export of diesel to Rs 5 per litre, from Rs 6.5 and the same on overseas shipments of ATF to Rs 3.5 a litre, from Rs 4.5 a litre.
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Centre Raises Windfall Profit Tax On Crude Oil, Diesel Exports; New Rates To Apply From January 3
Tax rates were cut at the last fortnightly review on December 16, following a decline in global crude oil prices. International oil prices have since then firmed up, necessitating the raising of windfall tax.
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Windfall Tax On Domestic Crude Oil Slashed By 65%
The centre cut its windfall tax on locally produced crude oil and aviation turbine fuel (ATF) and reduced the export tax on diesel.
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Tax On Windfall Profits Made By Oil Companies To Be Phased Out In 2023: Fitch Ratings
The tax rates are revised every fortnight based on prevailing international rates. The levy on petrol export has since been abolished.
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Export Tax Removal "Immensely Helps" In Competing Globally: JSW Steel
India's removal of export duty on steel intermediates "immensely helps" domestic companies compete in international markets amid a global slowdown in steel consumption, JSW Steel's finance chief Seshagiri Rao M.V.S. told Reuters. today.
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Centre Removes Duty On Some Steel Items After Exports Plunge
Centre scrapped an export tax levied on low grade iron ore lumps and fines with below 58 per cent iron content, in a notification late on Friday.
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Windfall Profit Tax On Crude Oil Hiked And Cut For Diesel Exports
The government on Wednesday hiked windfall tax on domestically produced crude oil while reducing the rate on export of diesel.
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JSW Steel 2022/23 Exports Expected To Fall To Over 5-Year Low: Executive
JSW Steel Ltd expects its exports to fall to a more than five-year low at 10% of overall sales in the fiscal year to March 2023 due to slowing global demand and a federal export tax, a senior company executive said today.
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India Bans Export Of Broken Rice, After 20% Export Tax Amid Drought In 4 States
The government has banned the export of broken rice with an aim to increase domestic availability.
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Reliance Industries Shares Fall 3%; ONGC, Vedanta Too Decline
Shares of Reliance Industries fell nearly 3 per cent on Thursday after the government raised the tax on export of diesel and jet fuel (ATF) and hiked the windfall profit levy on domestically-produced crude oil.
-
Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
-
India Lifts Export Tax On Parboiled Rice As Inventories Surge
India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.
-
India's Economy Is Buzzing But Weaker Exports Could Be A Drag
India's economic activity picked up pace in April on record tax collections and a booming services sector though rising unemployment and weaker trade metrics could sap some sentiment.
-
Government Cuts Windfall Gains Tax On Domestic Crude Oil To Nil
The government has cut windfall gains tax on domestically-produced crude oil to nil while continuing the rate at zero on the export of diesel and ATF.
-
India's April-February Finished Steel Exports Slump 52% Year-On-Year
The export volume was lower, at 5.9 million tonnes, despite the government's withdrawal of an export tax in November.
-
Centre Cuts Windfall Tax On Aviation Fuel, Diesel Exports, New Rates Effective From January 17
The government has also reduced the tax on export of diesel to Rs 5 per litre, from Rs 6.5 and the same on overseas shipments of ATF to Rs 3.5 a litre, from Rs 4.5 a litre.
-
Centre Raises Windfall Profit Tax On Crude Oil, Diesel Exports; New Rates To Apply From January 3
Tax rates were cut at the last fortnightly review on December 16, following a decline in global crude oil prices. International oil prices have since then firmed up, necessitating the raising of windfall tax.
-
Windfall Tax On Domestic Crude Oil Slashed By 65%
The centre cut its windfall tax on locally produced crude oil and aviation turbine fuel (ATF) and reduced the export tax on diesel.
-
Tax On Windfall Profits Made By Oil Companies To Be Phased Out In 2023: Fitch Ratings
The tax rates are revised every fortnight based on prevailing international rates. The levy on petrol export has since been abolished.
-
Export Tax Removal "Immensely Helps" In Competing Globally: JSW Steel
India's removal of export duty on steel intermediates "immensely helps" domestic companies compete in international markets amid a global slowdown in steel consumption, JSW Steel's finance chief Seshagiri Rao M.V.S. told Reuters. today.
-
Centre Removes Duty On Some Steel Items After Exports Plunge
Centre scrapped an export tax levied on low grade iron ore lumps and fines with below 58 per cent iron content, in a notification late on Friday.
-
Windfall Profit Tax On Crude Oil Hiked And Cut For Diesel Exports
The government on Wednesday hiked windfall tax on domestically produced crude oil while reducing the rate on export of diesel.
-
JSW Steel 2022/23 Exports Expected To Fall To Over 5-Year Low: Executive
JSW Steel Ltd expects its exports to fall to a more than five-year low at 10% of overall sales in the fiscal year to March 2023 due to slowing global demand and a federal export tax, a senior company executive said today.
-
India Bans Export Of Broken Rice, After 20% Export Tax Amid Drought In 4 States
The government has banned the export of broken rice with an aim to increase domestic availability.
-
Reliance Industries Shares Fall 3%; ONGC, Vedanta Too Decline
Shares of Reliance Industries fell nearly 3 per cent on Thursday after the government raised the tax on export of diesel and jet fuel (ATF) and hiked the windfall profit levy on domestically-produced crude oil.
