Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to increase the Special Additional Excise Duty on production of Petroleum Crude. - 17/2024 - Central Excise - Tariff
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Special Additional Excise Duty on petroleum crude increased; amended tariff entry substituted and takes effect in July. Special Additional Excise Duty on production of petroleum crude is increased by substituting the tariff entry in the Table of notification No. 18/2022 Central Excise with a revised duty per tonne; the amendment is effected under powers conferred by the Central Excise Act and the Finance Act and is notified as No. 17/2024 Central Excise, coming into force on 2 July 2024.
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Special Additional Excise Duty on petroleum crude increased; amended tariff entry substituted and takes effect in July.
Special Additional Excise Duty on production of petroleum crude is increased by substituting the tariff entry in the Table of notification No. 18/2022 Central Excise with a revised duty per tonne; the amendment is effected under powers conferred by the Central Excise Act and the Finance Act and is notified as No. 17/2024 Central Excise, coming into force on 2 July 2024.
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