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of <h1>Proposal to Amend Finance Act: Increase Additional Duty on Petrol from 2 to 8 Rupees per Litre, Clause 163</h1> Clause 163 of the Finance Bill, 2015 proposes an amendment to the Second Schedule of the Finance (No.2) Act, 1998. This amendment involves increasing the additional duty of customs and excise on motor spirit, commonly referred to as petrol, from two rupees per litre to eight rupees per litre.
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