Government revises export duty on diesel, jet fuel
Additional excise duty on jet fuel exports has been increased to Rs 5/litre from 3.5/litre whereas excise duty on the export of diesel has been increased to Rs 11.5/litre from Rs 10.5/litre earlier. The excise duty on the export of petrol continues to be nil
Additional excise duty on fuel exports will be effective from November 2. This will reduce the refining gains of exports focussed companies, mainly Reliance Industries
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