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of <h1>New 'Road and Infrastructure Cess' of Rs. 8/L on Petrol and Diesel Introduced; Excise Duty Reduced by Rs. 2/L.</h1> The Budget 2018-19 introduced a 'Road and Infrastructure Cess' of Rs. 8 per litre on petrol and diesel, effective immediately. The Central Board of Excise & Customs issued notifications reducing excise duty rates and providing exemptions from this cess for specific petroleum products and refineries. Key changes include rescinding previous exemptions, reducing excise duty by Rs. 2 per litre on petrol and diesel, and granting exemptions for ethanol-blended petrol and bio-diesel. The notice aims to inform trade and field formations of these changes, urging commissioners and trade associations to disseminate the information to relevant parties.
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