Diabytes
Windfall tax cut News
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The order is dated December 15.
The new tax rates are effective from today, December 16.
India first imposed windfall profit taxes on July 1.
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India slashes the windfall tax on the export of crude oil.
Windfall tax is levied on an unforeseen or unexpectedly large profit.
The Centre had initially imposed a cess of Rs 23,250 per tonne on crude oil.
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