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of <h1>Central Govt amends Excise Duty: Reduces Special Additional Duty on Petroleum Crude and Aviation Fuel from Dec 16, 2022.</h1> The Central Government has issued Notification No. 42/2022-Central Excise, amending Notification No. 18/2022-Central Excise dated July 19, 2022. This amendment reduces the Special Additional Excise Duty on petroleum crude production and aviation turbine fuel export. Specifically, the duty is adjusted to Rs. 1,700 per tonne for petroleum crude and Rs. 1.50 per litre for aviation turbine fuel. These changes are made under the powers conferred by the Central Excise Act, 1944, and the Finance Act, 2002, and will take effect from December 16, 2022.
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