Windfall tax, new export, import duties may fetch exchequer over Rs 1 trn

Likely to boost elbow room for additional govt capital expenditure; experts see net estimated gains of 0.2-0.3% of GDP on fiscal revenues

The government’s new levies could help balance the Budget and leave room for more money to be spent on infrastructure like roads.

The total additional amount collected by the new levies is likely to be around Rs 1 trillion, according to estimates by global financial services group Jefferies and the Mumbai-based Emkay group. The government is likely to raise between Rs 40,000 crore and Rs 50,000 crore from new taxes on crude oil production; petroleum product export duties are likely to bring in around Rs 40,000 crore, and the gold import duty is expected to net Rs 20,000 crore, according to