CBIC vide Notification No. 25/2024-Central Excise Dated: 17th September, 2024 reduces Special Additional Excise Duty (SAED) on production of Petroleum Crude to Rs. Nil per tonne with effect from 18th day of September, 2024.
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 25/2024-Central Excise | Dated: 17th September, 2024
G.S.R. 575(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 “Nil per tonne” shall be substituted;
2. This notification shall come into force on the 18th day of September, 2024.
[F. No. 354/15/2022-TRU]
AMREETA TITUS, Dy. 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 19th July, 2022, and was last amended vide notification No. 22/2024-Central Excise, dated the 2nd September, 2024, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 532(E), dated the 2nd September, 2024.
