New Delhi, Jan 16 (PTI) The government has cut the windfall tax on domestically-produced crude oil to Rs 1,700 per tonne from Rs 2,300 per tonne with effect from Tuesday.
The tax is levied in the form of Special Additional Excise Duty (SAED).
According to an official notification, SAED on export of diesel, petrol and jet fuel or ATF has been retained at nil.
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