
India’s recent decision to hike the windfall tax on domestically produced crude oil to ₹4,600 per tonne from ₹3,300 per tonne, effective from March 1, underscores the government’s proactive approach towards regulating the energy sector and ensuring fiscal stability. The tax, levied in the form of Special Additional Excise Duty (SAED), reflects India’s commitment to rationalizing tax structures while optimizing revenue generation. The rationale behind the windfall tax policy lies in mitigating…