Seeks to amend No. 04/2022-Central Excise, dated the 30th June , 2022 to exempt export of Petrol and Diesel from the Special Additional Excise Duty (SAED) when exported to Bhutan.
Summary: The Ministry of Finance, through Notification No. 23/2024-Central Excise dated 2nd September 2024, has introduced amendments to the earlier Notification No. 04/2022-Central Excise dated 30th June 2022. This amendment exempts the export of motor spirit, commonly known as petrol, and high-speed diesel oil to Bhutan from the Special Additional Excise Duty (SAED). The changes are implemented by modifying the entries in the original notification to explicitly include Bhutan as a country where such exports will not attract the excise duty. Specifically, new entries have been added to the notification, stating that petrol and diesel exported to Bhutan will be exempt from SAED. The amendment is made under the powers granted by the Central Excise Act, 1944, and the Finance Act, 2002, reflecting the government’s intent to facilitate exports to Bhutan in line with public interest. The notification will come into effect on 3rd September 2024. The principal notification has undergone previous amendments, the most recent being Notification No. 09/2024-Central Excise, dated 29th February 2024.
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 23/2024-Central Excise | Dated: 2nd September 2024
G.S.R. 533(E).—In exercise of the powers conferred by section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 147 of 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. 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, 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.
3. 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. 04/2022-Central Excise, 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. 492 (E), dated the 30th June, 2022, and was last amended vide notification No. 09/2024-Central Excise, dated the 29th February, 2024 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 149(E), dated the 29th February, 2024.
