CBIC amend Notification No. 18/2022-Central Excise, dated the 19th July, 2022 vide Notification No. 05/2024-Central Excise | Dated: 02nd February, 2024 to increase the Special Additional Excise Duty (SAED) on production of Petroleum Crude from 3rd day of February, 2024 to Rs. 3200 per tonne from earlier rate of Rs. 1700 per tonne.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 05/2024-Central Excise | Dated: 02nd February, 2024
G.S.R. 94(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 19th July, 2022, namely:-
In the said notification, in the Table, –
(i) against S. No. 1, for the entry in column (4), the entry “Rs. 3200 per tonne” shall be substituted;
2. This notification shall come into force on the 3rd day of February, 2024.
[F. No. 354/15/2022-TRU]
(Amreeta Titus)
Deputy Secretary to the Government of India
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 19th July, 2022, and was last amended vide notification No. 03/2024-Central Excise, dated the 15th January, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 42 (E), dated the 15th January, 2024.
