Business StandardCenter·
Govt raises windfall tax on diesel by ₹3, ATF by 50 paise per litre
The government on Saturday hiked windfall gains tax on export of diesel and ATF and slashed the levy to zero on petrol for the fortnight beginning October 31. For ATF exports, the duty has been hiked marginally to Rs 11/litre, from Rs 10.5/litre for the fortnight. The rate of special additional excise duty (SAED), along with road and infrastructure cess on export of diesel, will now be Rs 11.5 a litre, up from Rs 8.5 a litre. Duty on petrol exports has been slashed to nil, from Rs 2.5 per litre…
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