Road and infrastructure cess increase on fuels alters statutory levy rates under the Finance Act. Clause 201 amends the Sixth Schedule to the Finance Act, 2018 by substituting the column (3) entry for Item Nos. 1 and 2, thereby increasing the road and infrastructure cess applicable to motor spirit (petrol) and high speed diesel oil to the substituted per litre rate specified in the Bill.
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Road and infrastructure cess increase on fuels alters statutory levy rates under the Finance Act.
Clause 201 amends the Sixth Schedule to the Finance Act, 2018 by substituting the column (3) entry for Item Nos. 1 and 2, thereby increasing the road and infrastructure cess applicable to motor spirit (petrol) and high speed diesel oil to the substituted per litre rate specified in the Bill.
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