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Govt exempts rupee payments for Iran oil from taxes
Any income a foreign company receives in an Indian bank account is subject to a withholding tax of 40 per cent
BPCL seeks extra Iran oil amid sanctions threat
So far India’s oil imports and payment mechanism have not been hit by the threat of US sanctions.
Reliance to halt oil imports from Iran: sources
In 2017, Reliance’s oil imports from Iran surged by about 45 per cent to 67,000 bpd, according to ship tracking data.
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