Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
The GoI's MoF issued Notification No. 02/2025-Central Excise amending the previous excise duty rates for petrol and diesel. The amendment increases the duty to Rs. 13 per litre for Sl. No. 1 and Rs. 10 per litre for Sl. No. 2, effective 8th April 2025. The modification was executed under Section 5A of the Central Excise Act, 1944, and Section 147 of the Finance Act, 2002, with the central government determining the change necessary in public interest. The notification represents a statutory adjustment to existing taxation mechanisms for petroleum products.
The GoI's MoF issued Notification No. 02/2025-Central Excise amending the previous excise duty rates for petrol and diesel. The amendment increases the duty to Rs. 13 per litre for Sl. No. 1 and Rs. 10 per litre for Sl. No. 2, effective 8th April 2025. The modification was executed under Section 5A of the Central Excise Act, 1944, and Section 147 of the Finance Act, 2002, with the central government determining the change necessary in public interest. The notification represents a statutory adjustment to existing taxation mechanisms for petroleum products.
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