CBIC amends eighth schedule to the Finance Act, 2002 to revise Special Additional Excise Duty (SAED) on Aviation Turbine Fuel to Rs. 12 per litre vide Notification No. 25/2022-Central Excise | Dated: 31st August, 2022.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi
Notification No. 25/2022-Central Excise | Dated: 31st August, 2022
G.S.R. 671(E).— – WHEREAS, the Central Government on being satisfied that the Special Additional Excise Duty leviable on Aviation Turbine Fuel falling under heading 2710 of the Fourth Schedule to the Central Excise Act 1944 (1 of 1944), should be revised and that circumstances exist which render it necessary to take immediate action.
NOW, therefore, in pursuance of section 147 of the Finance Act, 2002, the Central Government, hereby directs that the Eighth Schedule to the said Finance Act, 2002, shall be amended in the following manner, namely: –
In the Eighth Schedule to the Finance Act, 2002, against Item No. 4, for the entry in column (3), the entry “Rs. 12 per litre” shall be substituted.
2. This notification shall come into force on the 1st day of September, 2022.
[F. No. 354/15/2022-TRU]
(Nitish Karnatak)
Under Secretary to the Government of India
