Seeks to amend notification No. 05/2019-Central Excise dated 6th July, 2019 so as to increase effective rate of Special Additional Excise Duty (SAED) on petrol and diesel by ₹ 2 per litre. - 03/2020 - Central Excise - Tariff
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Increase in Special Additional Excise Duty raises rates on petrol and diesel effective mid March, amending prior notification. The Central Government amends Notification No. 05/2019 Central Excise to substitute the column (4) entries in the Table: the entry against Sl. No. 1 is replaced to reflect an increased petrol SAED rate and the entry against Sl. No. 2 is replaced to reflect an increased diesel SAED rate. The amendment is issued under section 147 of the Finance Act, 2002 read with section 5A of the Central Excise Act, 1944, and takes effect from 14th March, 2020.
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Increase in Special Additional Excise Duty raises rates on petrol and diesel effective mid March, amending prior notification.
The Central Government amends Notification No. 05/2019 Central Excise to substitute the column (4) entries in the Table: the entry against Sl. No. 1 is replaced to reflect an increased petrol SAED rate and the entry against Sl. No. 2 is replaced to reflect an increased diesel SAED rate. The amendment is issued under section 147 of the Finance Act, 2002 read with section 5A of the Central Excise Act, 1944, and takes effect from 14th March, 2020.
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