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Excise Duty

CBIC reduces SAED on export of Diesel to Rs. Nil per litre from 1st March, 2024

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CBIC amends Notification No. 04/2022-Central Excise, dated 30th June, 2022, to reduce Special Additional Excise Duty (SAED) on export of Diesel to Rs. Nil per litre from 1st day of March, 2024 vide Notification No. 09/2024-Central Excise | Dated: 29th February, 2024.

MINISTRY OF FINANCE
(Department of Revenue)

Notification No. 09/2024-Central Excise | Dated: 29th February, 2024

G.S.R. 149(E).In exercise of the powers conferred by section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 147 of Finance Act, 2002 (20 of 2002), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), notification No. 04/2022-Central Excise, dated the 30th June, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 492 (E), dated the 30th June, 2022, namely:-

In the said notification, in the Table,

(i) against S. No. 2, for the entry in column (4), the entry “Rs. Nil per litre” shall be substituted;

2. This notification shall come into force on the 1st day of March, 2024.

[F. No. 354/15/2022-TRU]

AMREETA TITUS, Dy. Secy.

Note: The principal notification No. 04/2022-Central Excise, dated the 30th June, 2022, was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 492 (E), dated the 30th June, 2022, and was last amended vide notification No. 07/2024-Central Excise, dated the 15th February, 2024 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 112(E), dated the 15th February, 2024.

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