CBIC withdraw Special Additional Excise Duty (SAED) on production of Petroleum Crude and on export of Aviation Turbine Fuel, motor spirit, commonly known as petrol, and high speed diesel oil vide Notification No. 29/2024-Central Excise | Dated: 2nd December, 2024.
The Ministry of Finance, through Notification No. 29/2024-Central Excise dated December 2, 2024, has rescinded six Central Excise notifications issued in 2022. This action, taken under Section 147 of the Finance Act, 2002, and Section 5A of the Central Excise Act, 1944, aligns with the government’s satisfaction that such rescission serves public interest. The notifications affected include Nos. 03/2022, 04/2022, 05/2022, 06/2022, 07/2022, and 09/2022, all initially published on June 30, 2022, in the Gazette of India. While these notifications are rescinded, any actions taken or omitted under them prior to this rescission remain unaffected. The decision is effective immediately, emphasizing prompt implementation of policy changes.
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 29/2024-Central Excise | Dated: 2nd December, 2024
G.S.R. 740(E).—In exercise of the powers conferred by section 147 of Finance Act, 2002 (20 of 2002) read with section 5A of the Central Excise Act, 1944 ( 1 of 1944) and Section 21 of General Clauses Act, 1897 (10 of 1897), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby rescinds the following notifications of the Government of India in the Ministry of Finance (Department of Revenue), as mentioned in the Table below, except as respects things done or omitted to be done before such rescission, namely:-
Table
| Sl. No. | Notifications |
| 1. | No. 03/2022-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. 491(E), dated the 30th June, 2022. |
| 2. | 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. |
| 3. | No. 05/2022- 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. 493(E), dated the 30th June, 2022. |
| 4. | No. 06/2022- 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. 494(E), dated the 30th June, 2022. |
| 5. | No. 07/2022- 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. 495(E), dated the 30th June, 2022. |
| 6. | No. 09/2022- 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. 497(E), dated the 30th June, 2022. |
2. This notification shall come into force with immediate effect.
[F. No. 354/15/2022-TRU]
AMREETA TITUS, Dy. Secy.
