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of <h1>Govt Raises Special Additional Excise Duty on Petroleum Crude to Rs. 9600/Tonne Effective April 16, 2024.</h1> The Central Government has issued Notification No. 12/2024-Central Excise, dated April 15, 2024, under the Ministry of Finance's Department of Revenue. This notification amends the earlier Notification No. 18/2022-Central Excise from July 19, 2022, to increase the Special Additional Excise Duty on petroleum crude production to Rs. 9600 per tonne. The amendment is made under the authority of the Central Excise Act, 1944, and the Finance Act, 2002, in the public interest. The revised duty rate will take effect from April 16, 2024.
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