India slashes windfall tax on domestic crude from Rs 12,100/ tn to Rs 9,050/ tn
Effective from October 18, the Finance Ministry issued a notification on Tuesday saying that the special additional excise duty (SAED) on crude petroleum has been slashed to Rs 9,050/tonne.
On September 29, during the previous fortnightly review, the windfall tax on domestically produced crude oil was fixed at Rs 12,100 per tonne.
