Indian government revised windfall tax on Crude

The government has once again revised the newly-introduced windfall tax levied on crude, diesel and jet fuel (ATF). The tax on domestically produced crude oil has been raised to ₹17,750 ($226.14) per tonne from ₹17,000 per tonne, while export taxes on jet fuel has been cut to zero from ₹4 per litre. The excise duty

India extends excise duty exemption to ethanol and biodiesel

The government of India announced it is expanding the excise duty exemption on ethanol and biodiesel to encourage higher biofuel blends. The tax exemption originally applied to E10 blends, but has now been expanded to blends of E12-E15. The exemption will also apply to B20 made from vegetable oils. India recently set an ambitious goal