India grants RIC exemption on fuel exports to Maldives

6 days ago

India has exempted the Maldives from Road and Infrastructure Cess (RIC) levied on exports of petrol and diesel exported by Indian public sector companies. The tax exemption was announced by India’s Central Board of Indirect Taxes and Customs on Tuesday, and took immediate effect. According to the notification, both Maldives and Mauritius have been added to the list of eligible export destinations