Seeks to amend No. 19/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude. - 19/2024 - Central Excise - Tariff
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Special Additional Excise Duty on petroleum crude reduced; amended tariff entry effective from August 2024. Amendment reduces the Special Additional Excise Duty on production of petroleum crude by substituting the tariff entry in the Table against S. No. 1 with a new specified per tonne rate, enacted under the Central Excise Act read with the Finance Act. The change is notified as a further amendment to Notification No. 18/2022 Central Excise and takes effect from 1 August 2024.
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Special Additional Excise Duty on petroleum crude reduced; amended tariff entry effective from August 2024.
Amendment reduces the Special Additional Excise Duty on production of petroleum crude by substituting the tariff entry in the Table against S. No. 1 with a new specified per tonne rate, enacted under the Central Excise Act read with the Finance Act. The change is notified as a further amendment to Notification No. 18/2022 Central Excise and takes effect from 1 August 2024.
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