https://www.taxtmi.com/news?id=457 Reduction of customs and excise duties on crude oil and petroleum products was notified to enhance Oil Marketing Company realisations. The changes remove customs duty on crude, lower customs duty on high-speed diesel and petrol and on other petroleum products, and reduce excise duty on high-speed diesel and petrol by one unit per litre; the statement notes a substantial estimated revenue loss for the remainder of the fiscal year. en-us Wed, 04 Jun 2008 16:28:00 +0530 Mon, 23 Jun 2008 09:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=457 Reduction of customs and excise duties on crude oil and petroleum products was notified to enhance Oil Marketing Company realisations. The changes remove customs duty on crude, lower customs duty on high-speed diesel and petrol and on other petroleum products, and reduce excise duty on high-speed diesel and petrol by one unit per litre; the statement notes a substantial estimated revenue loss for the remainder of the fiscal year. News - Wed, 04 Jun 2008 16:28:00 +0530 https://www.taxtmi.com/news?id=457