Seeks to amend No. 10/2022-Central Excise, dated the 30th June, 2022 to exempt export of Petrol and Diesel from the RIC when exported to Bhutan.
The Ministry of Finance has issued Notification No. 24/2024-Central Excise on 2nd September 2024, amending the previous Notification No. 10/2022-Central Excise dated 30th June 2022. This amendment specifically exempts the export of petrol and diesel to Bhutan from the Road and Infrastructure Cess (RIC). The changes are introduced by modifying the original notification to include Bhutan as a destination where petrol and diesel exports will not be subject to RIC. The entries for motor spirit (petrol) and high-speed diesel oil in the original notification have been updated to reflect this exemption for Bhutan. The amendment is made under the authority granted by the Central Excise Act, 1944, and the Finance Act, 2018, aiming to support public interest by facilitating trade with Bhutan. The notification will take effect from 3rd September 2024. The principal notification has been previously amended, with the last change being Notification No. 12/2023-Central Excise, dated 3rd March 2023. This amendment aligns with the government’s policy to exempt certain exports from additional duties to enhance trade relations with Bhutan.
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 24/2024-Central Excise | Dated: 2nd September 2024
G.S.R. 534(E).— In exercise of the powers conferred by section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 112 of Finance Act, 2018 (13 of 2018), 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. 10/2022-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. 498(E), dated the 30th June, 2022, namely:-
In the said notification,-
(a) in the Table,-
(i) against S. No. 1, for the entry in column (3), the entry “Motor spirit, commonly known as petrol, when cleared for export to countries other than Bhutan” shall be substituted;
(ii) after S. No. 1 and the entries relating thereto, the following S. No. and entries shall be inserted, namely:-
| (1) | (2) | (3) | (4) |
| “1A. | 2710 | Motor spirit, commonly known as petrol, when cleared for export to Bhutan | Nil per litre”; |
(iii) against S. No. 2, for the entry in column (3), the entry “High speed diesel oil, when cleared for export to countries other than Bhutan” shall be substituted;
(iv) after S. No. 2 and the entries relating thereto, the following S. No. and entries shall be inserted, namely:-
| (1) | (2) | (3) | (4) |
| “3. | 2710 | High speed diesel oil, when cleared for export to Bhutan | Nil per litre”; |
(b) paragraph 2 shall be omitted.
2. This notification shall come into force on the 3rd September, 2024.
[F. No 190354/257/2023-TRU]
AMREETA TITUS, Dy. Secy.
Note: The principal notification No. 10/2022-Central Excise, dated the 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. 498(E), dated the dated the 30th June, 2022, and was last amended vide notification No. 12/2023- Central Excise, dated the 3rd March, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 168(E), dated the 3rd March, 2023.
