SAED on Petroleum Crude Production Increased to Rs. 6800 per Tonne wef 04.04.2024
CBIC amends Notification No. 18/2022-Central Excise, dated 19th July, 2022 to increase Special Additional Excise Duty (SAED) on production of Petroleum Crude to Rs. 6800 per tonne from 04.04.2024 vide Notification No. 11/2024-Central Excise | Dated: 3rd April, 2024.
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 11/2024-Central Excise | Dated: 3rd April, 2024
G.S.R. 241(E).— In exercise of the powers conferred by section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 147 of the Finance Act, 2002 (20 of 2002), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), notification No. 18/2022-Central Excise, dated the 19th July, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 584 (E), dated the 19th July, 2022, namely:-
In the said notification, in the Table, –
(i) against S. No. 1, for the entry in column (4), the entry “Rs. 6800 per tonne” shall be substituted;
2. This notification shall come into force on the 4th day of April, 2024.
[F. No. 354/15/2022-TRU]
VIKRAM VIJAY WANERE, Under Secy.
