Government cuts windfall profit tax on domestic crude oil and diesel, scraps for ATF effective today
The government has slashed the windfall profit tax on locally-produced crude oil and diesel, in line with a fall in international rates, and scrapped the levy on the export of jet fuel, effective October 2, 2022.
The tax at the rate of Rs 5 a litre on Aviation Turbine Fuel (ATF) exports was scrapped with effect from October 2