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of <h1>Excise Duty on Petroleum Crude Increased to Rs. 10,200 per Tonne Effective November 17, 2022, per Section 5A.</h1> The Ministry of Finance, Department of Revenue, issued Notification No. 38/2022-Central Excise on November 16, 2022, amending the earlier Notification No. 18/2022-Central Excise dated July 19, 2022. This amendment increases the Special Additional Excise Duty on the production of petroleum crude to Rs. 10,200 per tonne. The amendment is made under the powers conferred by section 5A of the Central Excise Act, 1944, and section 147 of the Finance Act, 2002, in the public interest. The revised duty rate takes effect from November 17, 2022.
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