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The government has scrapped the windfall tax on domestically produced crude oil with effect from September 18. The windfall tax on domestically produced crude oil will be zero, the government said ...

The government on Tuesday slashed windfall tax on domestically produced crude oil to 'nil' per tonne with effect from September 18. The last such revision took place effective August 31 when the ...

The Centre has cut the windfall tax on petroleum crude to zero from Rs 1,850 per metric ton, effective from September 18, a notification issued on Tuesday showed. The government reviews the ...

By definition, a windfall tax is a special tax that governments impose on companies that have made unexpectedly large profits, usually due to favourable economic conditions or unforeseen events.

Sept 17 (Reuters) - The Indian government has cut the windfall tax on petroleum crude to zero from 1,850 rupees per metric ton, effective from Sept. 18, a notification issued on Tuesday showed.