BusinessCentre Imposes Export Duty on Petrol, Cuts Tax on Diesel and Aviation Fuel
The government imposed a windfall gains tax of Rs 3 per litre on petrol exports and reduced the export levy on diesel to Rs 16.5 per litre and aviation turbine fuel to Rs 16 per litre, effective May 16. The Finance Ministry also announced that the road and infrastructure cess will be nil on exports.
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