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of <h1>Central Government Revises Special Additional Excise Duty on Petroleum Crude to Rs. 4100 per Tonne Effective May 2, 2023.</h1> The Central Government has amended the notification No. 18/2022-Central Excise to revise the Special Additional Excise Duty (SAED) rate on petroleum crude. The new rate is set at Rs. 4100 per tonne, replacing the previous rate. This amendment, issued under the authority of the Central Excise Act, 1944 and the Finance Act, 2002, is deemed necessary in the public interest. The revised rate will take effect from May 2, 2023. This notification follows a previous amendment made on April 18, 2023.
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