Govt reduces Special Additional Excise Duty (SAED) on production of Petroleum Crude from Rs. 3,500 per tonne to Rs. Nil per tonne w.e.f. 4th day of April, 2023 Vide Notification No. 16/2023-Central Excise Dated:3rd April, 2023.
MINISTRY OF FINANCE
(Department of Revenue)
New Delhi
Notification No. 16/2023-Central Excise | Dated: 3rd April, 2023
G.S.R. 267(E).—In exercise of the powers conferred by section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 147 of the 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. 18/2022-Central Excise, dated the 19th July, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 584 (E), dated the 19thJuly, 2022, namely:-
In the said notification, in the Table,-
(i) against S. No. 1, for the entry in column (4), the entry “Rs. Nil per tonne” shall be substituted;
2. This notification shall come into force on the 4th day of April, 2023.
[F. No. 354/15/2022-TRU]
NITISH KARNATAK, under Secy.
Note : The principal notification No. 18/2022-Central Excise, dated the 19th July, 2022 was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 584 (E), dated the 19thJuly, 2022, and was last amended vide notification No. 13/2023-Central Excise, dated the 20th March, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 203(E), dated the 20th March, 2023.
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MINISTRY OF FINANCE
(Department of Revenue)
CORRIGENDUM
New Delhi, the 5th April, 2023
G.S.R. 272(E).—In the notification of the Government of India, Ministry of Finance (Department of Revenue) No. 16/2023-Central Excise, dated the 3rd April, 2023, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 267(E), dated the 3rd April, 2023, in the english version, at the page number 2, in line 21, for “Dy. Secy” read “Under Secy”.
[F. No. 354/15/2022-TRU]
NITISH KARNATAK, Under Secy.
