Small and marginal oil & gas cos want windfall tax exemption on annual oil production share

[Bilgin]

Small and marginal oil & gas cos want windfall tax exemption on annual oil production share The ADSFO said that small and marginal field operators should be exempt from petroleum cess (levied by way of special additional excise duty) or the windfall tax based on annual production share of each legal entity engaged in the business of producing crude rather than on the annual crude production at the block level