Tag: aviation turbine fuel

A technician opens a pressure gas valve inside the Oil and Natural Gas Corp (ONGC) group gathering station on the outskirts of the western Indian city of Ahmedabad (REUTERS FILE PHOTO)
Posted in Business

Govt scraps windfall tax on domestic crude, petrol and diesel exports

Dec 02, 2024 08:36 PM IST On Monday, the revenue department rescinded the June 30, 2022 notification that levied windfall tax due to decline in…

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Windfall tax is a special tax on domestic crude oil production which aims to capture revenue from the windfall gains of oil producers(Representational Image/Pixabay)
Posted in Business

Government scraps windfall tax on petrol, diesel, and aviation fuel exports

The government has scrapped windfall tax on Aviation Turbine Fuel (ATF), crude products, petrol and diesel products on Monday, December 2, 2024, after months of…

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windfall tax: Govt scraps windfall tax on petrol, diesel exports; big relief for Reliance, ONGC
Posted in Economy

windfall tax: Govt scraps windfall tax on petrol, diesel exports; big relief for Reliance, ONGC

The Government on Monday scrapped the windfall tax on Aviation Turbine Fuel (ATF), crude products, petrol and diesel products, after months of deliberations. The move,…

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A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu. (Reuters)
Posted in Business

Top 5 financial changes in September 2024: Free Aadhaar updates, fraudulent call crackdown, credit card rules

Aug 30, 2024 07:30 PM IST September 2024 will see several important changes which will impact personal finance and affect everything from LPG cylinder prices…

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LPG Price hike: The rate of commercial LPG 19-kg cylinder has been raised by <span class=
Posted in Business

LPG Price hike: Jet fuel prices hiked, commercial LPG cylinders to cost more

Aug 01, 2024 02:25 PM IST LPG Price hike: Aviation turbine fuel (ATF) price was hiked ₹1,827.34 per kilolitre to ₹97,975.72 per kl. LPG Price…

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ATF used on overseas flights by Indian carriers is exempt from excise charge INFC E Paper
Posted in Excise

ATF used on overseas flights by Indian carriers is exempt from excise charge

On Friday, the government waived the 11% excise tax on aviation turbine fuel (ATF) purchased from oil marketing firms by domestic airlines operating overseas flights….

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