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Legal hitch keeps small field oil operators liable for windfall tax

Entities whose FY22 crude oil output was less than 2 mn barrels exempted from windfall tax already

Topics
Oil production | tax

Subhayan Chakraborty  |  New Delhi 



Photo: Bloomberg
Photo: Bloomberg

The operators of discovered small fields (DSF) have argued for immediate clarity on windfall norms and sought exemption from the based on an entity’s annual share and not on the basis of annual oil output at the block level.

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First Published: Tue, November 22 2022. 19:31 IST

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