Seeks to further amend notification No. 18/2022 - Central Excise in order to revise the SAED rate on petroleum crude - 41/2023 - Central Excise - Tariff
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SAED rate revision on petroleum crude alters specified tariff entries and takes effect shortly under amended central excise notification. The Ministry of Finance amends Notification No. 18/2022 Central Excise to revise SAED entries: substituting in the Table, for S. No. 1 column (4) 'Rs. 1300 per tonne' and for S. No. 2 column (4) 'Rs. 1 per litre'. The amendments are made under section 5A of the Central Excise Act, 1944 read with section 147 of the Finance Act, 2002, and shall come into force on the 19th day of December, 2023.
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SAED rate revision on petroleum crude alters specified tariff entries and takes effect shortly under amended central excise notification.
The Ministry of Finance amends Notification No. 18/2022 Central Excise to revise SAED entries: substituting in the Table, for S. No. 1 column (4) "Rs. 1300 per tonne" and for S. No. 2 column (4) "Rs. 1 per litre". The amendments are made under section 5A of the Central Excise Act, 1944 read with section 147 of the Finance Act, 2002, and shall come into force on the 19th day of December, 2023.
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