Government of India reduces additonal duties imposed by way of ‘windfall tax’ on oil and gas companies

July 19, 2022

The additonal duties levied earlier this month by the Indian Government on exports of petroleum products have now been reduced in view of falling global crude oil prices. The relevant Notification Nos. 17/2022-20/2022 dated July 19, 2022 issued by CBIC to give effect to reductions in these levies can be accessed here.