India exempts Reliance SEZ refinery from fuel export duties

SEZ refinery not subject to diesel and jet fuel levies

Oil & Gas
Economic Times ·
Change
India exempted Reliance’s SEZ refinery from export duties on diesel and jet fuel based on judicial rulings.
Why it matters
Customs authorities must not apply export levies to shipments from the SEZ unit, unlike domestic refineries.
Implications
  • — SEZ refinery gains cost advantage — exports more competitive
  • — Other refiners remain taxed — uneven market conditions

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Economic Times
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