Seeks to further amend notification No 12/2012-Central Excise dated 17.03.2012 so as to increase the Basic Excise Duty rates on Petrol and Diesel(both unbranded and branded) - 01/2016 - Central Excise - Tariff
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Basic excise duty increase on petrol and diesel implemented, amending notification to raise per litre rates effective January second. Amendment increases the Basic Excise Duty rates for petrol and diesel by substituting revised per-litre entries in the Table of Notification No.12/2012-Central Excise for the specified serial numbers and item entries, enacted under section 5A(1) of the Central Excise Act as a public interest measure and effective from 2 January 2016.
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Basic excise duty increase on petrol and diesel implemented, amending notification to raise per litre rates effective January second.
Amendment increases the Basic Excise Duty rates for petrol and diesel by substituting revised per-litre entries in the Table of Notification No.12/2012-Central Excise for the specified serial numbers and item entries, enacted under section 5A(1) of the Central Excise Act as a public interest measure and effective from 2 January 2016.
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