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of <h1>Excise Duty on High-Speed Diesel Oil Reduced to Nil by Ministry of Finance Effective March 4, 2023.</h1> The Ministry of Finance, Department of Revenue, has issued Notification No. 12/2023-Central Excise, dated March 3, 2023, amending Notification No. 10/2022-Central Excise from June 30, 2022. This amendment reduces the additional excise duty on high-speed diesel oil to nil, effective March 4, 2023. The amendment is made under the authority of section 5A of the Central Excise Act, 1944, in conjunction with section 112 of the Finance Act, 2018, in the interest of public welfare. The notification was previously amended on August 31, 2022, by Notification No. 28/2022-Central Excise.
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