Prescribe rates of Special Additional Excise Duty for exports of petrol and diesel - Seeks to Reduce the Special Additional Excise Duty on Diesel - Further amend Notification No. 04/2022-Central Excise, dated the 30th June, 2022.
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Special additional excise duty on diesel exports reduced by amendment, altering the notified export duty rate and its effective date.
The Central Government, under section 5A of the Central Excise Act, 1944 read with section 147 of the Finance Act, 2002, amends Notification No. 04/2022-Central Excise by substituting the entry against S. No. 2, Column (4) to prescribe a revised Special Additional Excise Duty per litre for the specified fuel; the amendment is in the public interest and comes into force on the fourth day of March, 2023.