Govt slashes Special Addl Excise Duty on Crude Oil to Rs. 4600/tonne from existing rate. Effective 1st Aug '24.

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Full Text of the Document

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....Notification amends previous notification No. 19/2022-Central Excise to reduce Special Additional Excise Duty on production of Petroleum Crude from existing rate to Rs. 4600 per tonne. Amendment made in exercise of powers u/s 5A of Central Excise Act, 1944 read with Section 147 of Finance Act, 2002. Comes into force on 1st August, 2024.....