Consider the following statements regarding the Windfall tax:

 

1. A windfall tax was imposed on crude oil producers, and the levy was extended on exports of gasoline, diesel and aviation fuel as private refiners wanted to sell fuel overseas instead of selling locally.

 

2. Windfall taxes are designed to tax the profits a company derives from an external, sometimes unprecedented event and not driven from an act of the company itself.

 

Which of the above-given statements is/are correct?