Exemption to Motor Spirit and High Speed Diesel Oil from Special Additional Excise Duty.
1st March, 2002
Notification No.19 /2002-Central Excise
In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944) read with sub-clause (3) of clause 140 of the Finance Bill, 2002 , which clause has, by virtue of the declaration made in the said Finance Bill under the Provisional Collection of Taxes Act, 1931 (16 of 1931) the force of law, the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts goods falling within the First Schedule to the Central Excise Tariff Act, 1985 (5 of 1986) and specified in column(2) of the Table hereto annexed , from so much of the special additional excise duty leviable thereon under sub-clause(1) of clause 140 of the said Finance Bill, as is in excess of the amount indicated in the corresponding entry in column (3) of the said Table
Table
|
S.No |
Description of goods |
Rate |
|
(1) |
(2) |
(3) |
|
1. |
Motor spirit , commonly known as petrol |
Rupees six per litre |
|
2. |
High speed diesel oil |
Nil |
T.R.Rustagi
Joint Secretary to the Government of India
F.No 334/1/2002-TRU
