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of <h1>Excise Duty Update: 14% Duty Imposed on Petrol and Diesel Under Section 5A of Central Excise Act, 1944</h1> The Central Government has amended Notification No. 06/2002-Central Excise, dated March 1, 2002, by introducing new entries for excise duty on petrol and high-speed diesel oil. These changes, effective from June 4, 2002, are made under the authority of section 5A of the Central Excise Act, 1944, in the public interest. The amendment adds entries 32B and 32C to the notification table, specifying a 14% excise duty for both motor spirit (petrol) and high-speed diesel oil. This notification follows previous amendments, the last being Notification No. 26/2002-Central Excise, dated April 27, 2002.
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