CBIC reduces Special Additional Excise Duty on production of Petroleum Crude to Rs. 1300 from earlier Rs. 5000 per tonne and increases the Special Additional Excise Duty on export of ATF to Rs. 1 per litre from earlier Rs. Nil per litre with effect from 19th day of December, 2023 vide Notification No. 41/2023-Central Excise Dated : 18th December, 2023 by amending notification No. 18/2022-Central Excise, dated the 19th July, 2022.
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 41/2023-Central Excise | Dated: 18th December, 2023
G.SR. 896(E).—In exercise of the powers conferred by section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 147 of the 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), No. 18/2022-Central Excise, dated the 19th July, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 584 (E), dated the 19th July, 2022, namely:‑
In the said notification, in the Table, –
(i) against S. No. 1, for the entry in column (4), the entry “Rs. 1300 per tonne” shall be substituted;
(ii) against S. No. 2, for the entry in column (4), the entry “Rs. 1 per litre” shall be substituted
2. This notification shall come into force on the 19th day of December, 2023.
[F. No. 354/15/2022-TRU]
AMREETA TITUS, Dy. Secy.
Note: The principal notification No. 18/2022-Central Excise, dated the 19th July, 2022 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 584 (E), dated the 19th July, 2022, and was last amended vide notification No. 40/2023-Central Excise, dated the 30th November, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 871(E), dated the 30th November, 2023.
