Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude. - 03/2024 - Central Excise - Tariff
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Special Additional Excise Duty change revises rate on production of petroleum crude, effective mid-January under Central Excise notification. Amends the tariff table of Notification No. 18/2022-Central Excise by substituting, against S. No. 1 in column (4), the entry 'Rs. 1700 per tonne' for the Special Additional Excise Duty on production of petroleum crude; the amendment is made under section 5A of the Central Excise Act, 1944 read with section 147 of the Finance Act, 2002 and comes into force on 16 January 2024.
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Provisions expressly mentioned in the judgment/order text.
Special Additional Excise Duty change revises rate on production of petroleum crude, effective mid-January under Central Excise notification.
Amends the tariff table of Notification No. 18/2022-Central Excise by substituting, against S. No. 1 in column (4), the entry "Rs. 1700 per tonne" for the Special Additional Excise Duty on production of petroleum crude; the amendment is made under section 5A of the Central Excise Act, 1944 read with section 147 of the Finance Act, 2002 and comes into force on 16 January 2024.
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