In July 2002, the govt introduced IIP tariff protection formula, under which oil refineries were allowed to collect 10% deemed duty on HSD and 6% on kerosene, light diesel oil and JP-4 on ex-refinery prices so they can self-finance projects without guarantees of the government
ISLAMABAD: The...Refineries reluctant to deposit deemed duty in Escrow accounts govt introduced IIP tariff protection formula,
Tuesday, 30 July 2013
Refineries reluctant to deposit deemed duty in Escrow accounts govt introduced IIP tariff protection formula,
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