Petroleum Sector's Tax Contribution to Witness Sharp Decline in FY 2024-25

Last updated: 10 December 2024

The sluggish excise duty collections from petroleum and natural gas, combined with the discontinuation of the windfall tax regime in December, indicate a significant drop in the sector's overall tax contribution to the public exchequer for FY25, according to officials. Excise Duty Collections Dip

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