Govt cuts windfall tax on petrol, diesel, ATF exports
NEW DELHI, May 31 (PTI): The government has halved windfall gains tax on export of petrol to Rs 1.5 litre, while reducing the levy on diesel to Rs 13.5/litre and aviation turbine fuel to Rs 9.5/litre effective June 1.
The finance ministry in a notification said road and infrastructure cess will be nil on export of petrol and diesel.
Also, there is no change in the existing duty rates on petrol and diesel cleared for domestic consumption.
