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AMENDMENT IN THE SIXTH SCHEDULE TO THE FINANCE ACT, 2018:
S. No. | Amendments in scheduled rate of Road and Infrastructure Cess levied as additional duty of customs, on Petrol and Diesel [to be effective from 06.07.2019]* [Clause [201] of the Finance (No. 2) Bill, 2019] [effective rate is prescribed by notification as detailed in VII below] | Rate of Duty | |
|
| From | To |
1 | Motor spirit commonly known as petrol | ₹ 8 per litre | ₹ 10 per litre |
2 | High speed diesel oil | ₹ 8 per litre | ₹ 10 per litre |
* Will come into effect immediately owing to a declaration under the Provisional Collection of Taxes Act, 1931.
Road and Infrastructure Cess increase on petrol and diesel takes effect, raising scheduled additional customs duty per litre. Amendment to the Sixth Schedule to the Finance Act, 2018 increases the scheduled rate of Road and Infrastructure Cess as an additional duty of customs on motor spirit (petrol) and high speed diesel; the Finance (No. 2) Bill, 2019 prescribes the new per litre scheduled rate and the amendment is to take effect from 06.07.2019 with immediate provisional operation under the Provisional Collection of Taxes Act, 1931.
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