Exempt Petroleum Crude and ATF from additional duty
Seeks to exempt imports of Petroleum Crude and ATF from whole of the additional duty of Customs leviable thereon under sub-section (1) of section 3 of the said Customs Tariff Act, as is equivalent to the Special Additional Excise Duty- Notification No. 32/2022-Customs
G.S.R. ……(E). -In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), read with section 147 of Finance Act, 2002 (20 of 2002), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified in column (3) of the Table below and falling within the Heading of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975), as specified in column (2), when imported into India, from whole of the additional duty of Customs leviable thereon under sub-section (1) of section 3 of the said Customs Tariff Act, as is equivalent to the Special Additional Excise Duty leviable thereon under section 147 of the Finance Act, 2002:
TABLE
| S. No. | Heading | Description of goods |
| (1) | (2) | (3) |
| 1 | 2709 | Petroleum, Crude |
| 2 | 2710 | Aviation Turbine Fuel |
This notification shall come into force on the 1st day of July, 2022.
Also Read: Seeks to increase BCD rate on Gold Notification No. 33/2022-Customs
