Decreasing crude oil prices but increasing excise duty

CA Ashutosh Khaitan , Last updated: 08 January 2015  
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India is one of the largest importers of Crude Oil as it imports roughlyaround 80% of its total requirements. The recent fall of almost 45% in thecrude prices from at its peak of $115/Barrel in June 2014 to $57/Barrel inJanuary 15 has been a blessing in disguise for the Indian economy. Thepetroleum

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