The Ministry of Finance, vide notification no. No. 38/2023-Central Excise and 39/2023-Central Excise issued on 16th November 2023 has notified the reduction in the windfall tax of crude and diesel. This tax, previously instituted as the Special Additional Excise Duty (SAED) on crude oil, has now been lowered from ₹9,800 per tonne to ₹6,300 per…
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