Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Finance Ministry Raises windfall Tax on Petroleum Crude to Rs. 6000 per Tonne
Excise, VAT & CustomFinancial ManagementPSU's AND Govt. Undertakings
The Finance Ministry has increased the windfall tax on petroleum crude from Rs. 3,250 to Rs. 6,000 per tonne, effective July 2, 2024. This move follows the previous notification issued on June 14, 2024. The windfall tax is adjusted based on the industry's gains to ensure equitable distribution of profits during periods of high earnings.
