Making sense of the windfall tax on crude oil | Mint - Mint
7/5/2022 12:00:00 AM3 years 7 months ago
by Rituraj Baruah
by Rituraj Baruah
On 1 July, the government imposed a special additional excise duty of ₹23,250 per tonne on the sale of locally produced crude oil, sending stocks of oil producers tumbling. Here is what prompted the windfall tax, and its likely implications.
On 1 July, the government imposed a special additional excise duty of 23,250 per tonne on the sale of locally produced crude oil, sending stocks of oil producers tumbling. Here is what prompted the w… [+2897 chars]
full article...