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of <h1>Central Government Reduces Special Additional Excise Duty on Petroleum Crude to Rs. 3250 Per Tonne Effective June 15, 2024.</h1> The Central Government has issued Notification No. 16/2024-Central Excise to amend Notification No. 18/2022-Central Excise, dated 19th July 2022, to reduce the Special Additional Excise Duty on petroleum crude production to Rs. 3250 per tonne. This amendment, made under the powers conferred by the Central Excise Act, 1944 and the Finance Act, 2002, is deemed necessary in the public interest. The changes will take effect from 15th June 2024. The principal notification was last amended on 31st May 2024.
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