Special Additional Excise Duty on production of Petroleum Crude

Special Additional Excise Duty on production of Petroleum Crude

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude- Notification No. 38/2022-Central Excise

G.S.R……(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. 10,200 per tonne” shall be substituted;

2.This notification shall come into force on the17thday of November, 2022.

Note: The principal notification No.18/2022-Central Excise, dated the 19thJuly, 2022was 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. 36/2022-Central Excise, dated the1st November, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section(i), vide number G.S.R. 799(E), dated the 1stNovember, 2022.

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