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of <h1>Govt Imposes Special Additional Excise Duty on Crude Petroleum and Aviation Fuel; Effective from July 2022.</h1> The Central Government has issued Notification No. 05/2022-Central Excise, dated June 30, 2022, to amend the Eighth Schedule of the Finance Act, 2002. This amendment prescribes a Special Additional Excise Duty on crude petroleum and aviation turbine fuel. Specifically, the duty is set at Rs. 23,250 per tonne for petroleum crude and Rs. 6 per litre for aviation turbine fuel. This notification is enacted under section 147 of the Finance Act, 2002, and is effective from July 1, 2022. The notification was later rescinded by Notification No. 29/2024-Central Excise on December 2, 2024.
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