Crude Oil Tax Reduction: Indian Government Eliminates Diesel and ATF Levies for Economic Growth
Government Reduces Crude Oil Tax, Eliminates Diesel and ATF Levies Introduction: A Significant Tax Reform In a major economic decision, the Government of India has announced a reduction in the tax on crude oil and the elimination of levies on diesel and aviation turbine fuel (ATF). This reform, aimed at alleviating financial burdens on industries…