https://www.taxtmi.com/highlights?id=83670 The Central Government has rescinded Notification No. 32/2022-Customs dated 30th June 2022, which exempted imports of Petroleum Crude and Aviation Turbine Fuel (ATF) from the additional duty of Customs equivalent to the Special Additional Excise Duty leviable u/s 147 of the Finance Act, 2002. This rescission, through Notification No. 48/2024-Customs, has immediate effect, except for actions taken or omitted before the rescission. The powers exercised are u/s 25(1) of the Customs Act, 1962, read with Section 21 of the General Clauses Act, 1897, and Section 147 of the Finance Act, 2002. en-us Wed, 04 Dec 2024 18:48:37 +0530 Wed, 04 Dec 2024 18:48:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=83670 The Central Government has rescinded Notification No. 32/2022-Customs dated 30th June 2022, which exempted imports of Petroleum Crude and Aviation Turbine Fuel (ATF) from the additional duty of Customs equivalent to the Special Additional Excise Duty leviable u/s 147 of the Finance Act, 2002. This rescission, through Notification No. 48/2024-Customs, has immediate effect, except for actions taken or omitted before the rescission. The powers exercised are u/s 25(1) of the Customs Act, 1962, read with Section 21 of the General Clauses Act, 1897, and Section 147 of the Finance Act, 2002. Highlights Customs Wed, 04 Dec 2024 18:48:37 +0530 https://www.taxtmi.com/highlights?id=83670