Seeks to further amend notification No. 18/2022 - Central Excise in order to revise the SAED rate on petroleum crude - 40/2023 - Central Excise - Tariff
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SAED rate revision on petroleum crude updates notified levy, substituting prior table entry and taking effect shortly. The government substitutes the Table entry at S. No. 1, column (4) in the principal notification to read 'Rs. 5000 per tonne', thereby revising the SAED on petroleum crude; the amendment is effected under powers conferred by the Central Excise Act and the Finance Act and takes effect from the commencement date stated in the notification.
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SAED rate revision on petroleum crude updates notified levy, substituting prior table entry and taking effect shortly.
The government substitutes the Table entry at S. No. 1, column (4) in the principal notification to read "Rs. 5000 per tonne", thereby revising the SAED on petroleum crude; the amendment is effected under powers conferred by the Central Excise Act and the Finance Act and takes effect from the commencement date stated in the notification.
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