Notification No. 02/2022-Central Excise – Reduction of Central Excise Duty on Petrol & Diesel. Central excise duty has been reduced by ₹ 8 per litre for Petrol and by ₹ 6 per litre for Diesel (by reducing Road & Infrastructure Cess).
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi
Notification No. 02/2022-Central Excise | Dated: 21st May, 2022
G.S.R. 377(E).—In exercise of the powers conferred by section 112 of Finance Act, 2018 (13 of 2018), read with section 5A of the Central Excise Act, 1944 (1 of 1944) (hereinafter referred to as the Excise Act), the Central Government 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. 04/2019-Central Excise, dated the 6th July, 2019, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 487(E), dated the 6th July, 2019, namely:-
In the said notification, in the Table, –
(i) against Sl. No. 1, for the entry in column (4), the entry “5 per litre“ shall be substituted;
(ii) against Sl. No. 2, for the entry in column (4), the entry “2 per litre“ shall be substituted.
2. This notification shall come into force with effect from the 22nd May, 2022.
[F. No. 354/11/2022–TRU]
NITISH KARNATAK, Under Secy.
Note : The principal notification No. 04/2019-Central Excise, dated the 6th July, 2019 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number 487(E), dated the 6th July, 2019 and last amended vide notification No. 9/2021-Central Excise, dated the 3rd November, 2021, vide number G.S.R. 782(E), dated 3rd November, 2021.
