Seeks to withdraw Road and Infrastructure Cess (RIC) on export of motor spirit, commonly known as petrol, and high speed diesel oil. - 30/2024 - Central Excise - Tariff
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Rescission of excise notifications withdraws prior exemption from road and infrastructure cess on petrol and diesel exports. The Central Government, exercising powers under the Finance Act, the Central Excise Act and the General Clauses Act, rescinds Notification No. 10/2022-Central Excise and Notification No. 11/2022-Central Excise, thereby withdrawing the prior excise treatment related to Road and Infrastructure Cess on exports of motor spirit and high speed diesel; the rescission is subject to actions already done or omitted and takes immediate effect.
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Rescission of excise notifications withdraws prior exemption from road and infrastructure cess on petrol and diesel exports.
The Central Government, exercising powers under the Finance Act, the Central Excise Act and the General Clauses Act, rescinds Notification No. 10/2022-Central Excise and Notification No. 11/2022-Central Excise, thereby withdrawing the prior excise treatment related to Road and Infrastructure Cess on exports of motor spirit and high speed diesel; the rescission is subject to actions already done or omitted and takes immediate effect.
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