Govt's greed destroying petroleum industry in India

CA Mahesh Bansal , Last updated: 04 October 2022  
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In July, the Indian government started levying a hefty additional excise duty on crude oil in the name of windfall gains to upstream companies. The magnitude of greed shown by the government can be understood from the fact that the tax originally imposed was Rs. 23,250 per ton or $46 a barrel! The c

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CA Mahesh Bansal
(Practising CA with specialisation in banking related consultancy)
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