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of <h1>Central Government Revises Special Additional Excise Duty on Petroleum Crude and Aviation Fuel, Effective November 1, 2023.</h1> The Central Government has amended Notification No. 18/2022-Central Excise, dated July 19, 2022, concerning the Special Additional Excise Duty (SAED) on petroleum crude production and aviation turbine fuel (ATF) export. Effective November 1, 2023, the duty for petroleum crude is revised to Rs. 9800 per tonne, while the duty for ATF export is set to Rs. Nil per litre. This amendment is issued under the Central Excise Act, 1944, and the Finance Act, 2002, as deemed necessary in the public interest.
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