Mechanism for implementation of additional basic excise duty @Rs. 2 per litre levied on sale of unblended motor spirit (commonly known as petrol)

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....ndirect Taxes and Customs Dated the 31^st October, 2022 Subject: Mechanism for implementation of additional basic excise duty @Rs. 2 per litre levied on sale of unblended motor spirit (commonly known as petrol) As part of Budget 2022-23, an additional Basic Excise Duty @ Rs. 2 per litre was levied on unblended motor spirit (commonly known as petrol) intended for retail sale and the said d....

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.... will eventually be sold as unblended. 3.  Therefore, to ensure smooth implementation of the differential duty, the following procedures are hereby prescribed in addition to the existing procedures: (i)  As per the current statutory provisions, central excise duty shall be paid on motor spirit at the refinery stage. Where the motor spirit is cleared, as intended for retail sa....

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....de by 6th of the following month based on actual clearances of quantity of unblended motor spirit from the depots. c) A reconciliation statement, certified by the statutory auditor, shall be submitted to the jurisdictional Commissioner of Central Excise by the  manufacturer/refinery by 10th of the month for every preceding quarter. d) After such reconciliation, in case any s....