Windfall Tax
On 1st July, 2022, India slapped a windfall tax on the country's oil producers and oil refiners who are exporting more due to the high international price of crude oil and refined products.
- Windfall tax will be 23,250 rupees per ton on oil producers and 6 rupees per liter on gasoline and jet fuel.
- The windfall tax on gasoil exports will be 13 rupees per liter.
About Windfall Tax
- A windfall tax is a one-off tax imposed by a government on a company. It is levied on an unforeseen or unexpectedly large profit, especially unfairly obtained.
- Now, international crude prices have ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Dinesh Khara Committee
- 2 Bond Central
- 3 Grameen Credit Score: A New Chapter in Rural Finance
- 4 Expansion of e-NAM Platform
- 5 RBI Survey on Farmer’s Share of Consumer Prices
- 6 New Maritime Initiatives to Enhance India’s Global Trade
- 7 Tobin Tax
- 8 SEBI Proposes Fast-Track Follow-On Offers for REITs & InvITs
- 9 Revised Guidelines for Market Intervention Scheme
- 10 Sustainability and Circularity in Dairy Sector
