Judgement

Bombay High Court upholds negative crude oil futures settlement, refusing to rewrite completed derivative contracts.

HC Upholds MCX Circular Fixing Negative Due Date Rate for Crude Oil

News

Petrol, diesel and CNG prices increased nationwide amid rising crude oil prices and global tensions.

Petrol, Diesel and CNG Prices Increased Nationwide Amid Global Crude Surge

Articles

Finance Minister outlines government actions like controlling food prices and cutting fuel taxes to shield citizens from rising global crude oil prices.

FM Nirmala Sitharaman Highlights Government Measures to Shield Citizens from Rising Fuel Costs

Notifications

The Central Board of Indirect Taxes and Customs (CBIC) has notified updated Custom Duty on Gold, Silver, Crude Oil and Areca Nuts via issuing a notification.

CBIC notifies updated Custom Duty on Gold, Silver, Crude Oil and Areca Nuts [Read Notification]

The Directorate General of Foreign Trade (DGFT) notified amendment in Policy condition of Crude Oil under HS Code 27090010 via issuing a Notification.

DGFT Amends policy condition of Crude Oil under HS Code 27090010

The Indian government has declared that the windfall tax on crude oil production will be abolished, effective Tuesday, from the previous rate of 3,500 rupees ($42.56) per tonne.

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HC Upholds MCX Circular Fixing Negative Due Date Rate for Crude Oil

Petrol, Diesel and CNG Prices Increased Nationwide Amid Global Crude Surge

FM Nirmala Sitharaman Highlights Government Measures to Shield Citizens from Rising Fuel Costs

CBIC notifies updated Custom Duty on Gold, Silver, Crude Oil and Areca Nuts [Read Notification]

DGFT Amends policy condition of Crude Oil under HS Code 27090010

Govt removes Windfall Tax on Crude Oil Production