GOVERNMENT REVISES EXPORT DUTY ON DIESEL, JET FUEL
News:
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
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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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