Centre Hikes Windfall Tax On Diesel

The government on Monday hiked windfall gains tax on exports of diesel and aviation turbine fuel (ATF), while retaining the levy on petrol for the fortnight beginning June 16. The rate of special additional excise duty (SAED) on export of diesel will be Rs 14/litre, up from Rs 13.5/litre at present. SAED on export of ATF will be Rs 12.5/litre,…

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