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Windfall taxes cut on diesel, scrapped on ATF; Crude cess up a tad

Auto fuel exporters like Reliance Industries will gain as the government limited the windfall tax on such shipments to just a Rs 5/litre levy on diesel in its second review of these taxes introduced on July 1, taking into consideration the fall in their refining spreads. However, it raised the new additional excise duty (cess) …

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