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Windfall tax rates further revised by Government of India

The Special Additional Excise Duty (SAED) imposed on domestically produced petroleum products have been revised, following the earlier revision on July 20 and August 03, 2022.

  • SAED on domestically produced crude decreased to INR 13,330 per tonne
  • SAED on export of diesel increased to INR 6 per litre from INR 15 per litre
  • SAED on export of aviation turbine fuel of INR 2 per litre (exempted as per last revision)

The relevant notifications No. 23 & 24 /2022, which shall be effective August 19, 2022, can be accessed here.

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