https://www.taxtmi.com/news?id=54251 India denies acting as a "laundromat" for Russian oil, asserting all imports and transactions complied with the G-7/European Union price cap system and international norms. Every shipment, insurance arrangement, trader and channel is represented as legal and audited. India stresses its pre-existing refining export capacity, continued processing of varied crudes, and domestic measures-loss absorption by public undertakings, tax cuts, and export obligations to supply domestic markets-that collectively stabilized supplies and constrained global price shocks without a pattern of profiteering. en-us Mon, 01 Sep 2025 17:46:03 +0530 Mon, 01 Sep 2025 17:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=54251 India denies acting as a "laundromat" for Russian oil, asserting all imports and transactions complied with the G-7/European Union price cap system and international norms. Every shipment, insurance arrangement, trader and channel is represented as legal and audited. India stresses its pre-existing refining export capacity, continued processing of varied crudes, and domestic measures-loss absorption by public undertakings, tax cuts, and export obligations to supply domestic markets-that collectively stabilized supplies and constrained global price shocks without a pattern of profiteering. News - Mon, 01 Sep 2025 17:46:03 +0530 https://www.taxtmi.com/news?id=54251