Amend the eighth schedule to the Finance Act, 2002
Seeks to amend the eighth schedule to the Finance Act, 2002 to revise the duty on Aviation Turbine Fuel- Notification No. 25/2022-Central Excise
G.S.R. ……(E). -–WHEREAS, the Central Government on being satisfied that the Special Additional Excise Duty leviable on Aviation Turbine Fuel falling under heading 2710 of the Fourth Schedule to the Central Excise Act 1944 (1 of 1944), should be revised and that circumstances exist which render it necessary to take immediate action.
NOW, therefore, in pursuance of section 147 of the Finance Act, 2002, the Central Government, hereby directs that the Eighth Schedule to the said Finance Act, 2002, shall be amended in the following manner, namely: –
In the Eighth Schedule to the Finance Act, 2002, against Item No. 4, for the entry in column (3), the entry “Rs. 12per litre” shall be substituted.
2.This notification shall come into force on the 1st day of September, 2022.
