The center reduced the windfall tax on domestically produced crude oil on Friday from Rs 5,200 per tonne to Rs 3,250 per tonne. Aviation turbine fuel (ATF) and petrol diesel will remain subject to no export duties. The Central Board of Indirect Taxes and Customs (CBIC) stated in a late-night notice on Friday that the…
In an effort to keep an eye on the local costs of the lentil, the government has abolished the standard 10% customs charge on whole tur or pigeon peas. The Central Board of Indirect Taxes and Customs (CBIC) stated that import duty on Tur (whole) will be “Nil” in a notification dated March 3. As…
The food ministry announced on Sunday that until March 2023, certain edible oils are subject to preferential import taxes. In order to increase domestic supply and manage retail prices, the Central Board of Indirect Taxes and Customs (CBIC) made this decision on August 31, 2022. The CBIC’s decision to extend the current reduced import taxes…
