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Special Additional Excise Duty on production of Petroleum Crude and export of Aviation Turbine Fuel - decrease SAED on production of Petroleum Crude and increase on Aviation Turbine Fuel - Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022. - 24/2022 - Central Excise - Tariff
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Special Additional Excise Duty altered: production duty reduced while Aviation Turbine Fuel levy increased, changing excise rates. SAED rates are amended by substituting table entries in Notification No. 18/2022-Central Excise: SAED on production of petroleum crude is fixed at Rs. 13,000 per tonne and the SAED on Aviation Turbine Fuel is fixed at Rs. 2 per litre; the amendments operate as tariff substitutions under the Central Excise notification and take effect on the specified commencement date.
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Special Additional Excise Duty altered: production duty reduced while Aviation Turbine Fuel levy increased, changing excise rates.
SAED rates are amended by substituting table entries in Notification No. 18/2022-Central Excise: SAED on production of petroleum crude is fixed at Rs. 13,000 per tonne and the SAED on Aviation Turbine Fuel is fixed at Rs. 2 per litre; the amendments operate as tariff substitutions under the Central Excise notification and take effect on the specified commencement date.
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