Seeks to exempt imports of Petroleum Crude and ATF from whole of the additional duty of Customs leviable thereon under sub-section (1) of section 3 of the said Customs Tariff Act, as is equivalent to the Special Additional Excise Duty. - 32/2022 - Customs -Tariff
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Customs exemption for petroleum and aviation fuel suspends the additional customs duty equivalent to special excise duty on importation. Exempts imports of crude petroleum and aviation turbine fuel from the entirety of the additional duty of Customs under subsection (1) of section 3 of the Customs Tariff Act, to the extent equivalent to the Special Additional Excise Duty under section 147 of the Finance Act, 2002, when falling within the specified tariff headings in the First Schedule and imported into India.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Customs exemption for petroleum and aviation fuel suspends the additional customs duty equivalent to special excise duty on importation.
Exempts imports of crude petroleum and aviation turbine fuel from the entirety of the additional duty of Customs under subsection (1) of section 3 of the Customs Tariff Act, to the extent equivalent to the Special Additional Excise Duty under section 147 of the Finance Act, 2002, when falling within the specified tariff headings in the First Schedule and imported into India.
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