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. - 25/2024 - Central Excise - Tariff
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Special Additional Excise Duty on Petroleum Crude reduced to nil per tonne, altering the tariff entry and taking effect imminently. Amendment substitutes the tariff table entry for the first serial entry to read 'Nil per tonne,' reducing the Special Additional Excise Duty on production of Petroleum Crude. The change is made by Notification No. 25/2024 Central Excise under section 5A of the Central Excise Act, 1944 read with section 147 of the Finance Act, 2002, thereby amending Notification No. 18/2022 Central Excise and taking effect from the commencement date specified in the notification.
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Special Additional Excise Duty on Petroleum Crude reduced to nil per tonne, altering the tariff entry and taking effect imminently.
Amendment substitutes the tariff table entry for the first serial entry to read "Nil per tonne," reducing the Special Additional Excise Duty on production of Petroleum Crude. The change is made by Notification No. 25/2024 Central Excise under section 5A of the Central Excise Act, 1944 read with section 147 of the Finance Act, 2002, thereby amending Notification No. 18/2022 Central Excise and taking effect from the commencement date specified in the notification.
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