The Central Board of Indirect Taxes and Customs (CBIC) has amended the notification no. 18/2022-Central Excise, dated the 19th July, 2022, to increase the special additional excise duty on production of petroleum crude vide notification no. 224/2023-Central Excise issued on 31st July 2023.
According to the notification “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), 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”.
In the said notification, in the Table,- (i) against S. No. 1, for the entry in column (4), the entry “Rs. 4,250 per tonne” shall be substituted;
New Table (as per Notification No. 24/2023 of 31st July 2023)
| S.No. | Chapter of heading or Sub-heading or tariff item | Description of Goods | Rate |
| (1) | (2) | (3) | (4) |
| 2709 | Rs. 4,250 per tonne |
Old Table (as per Notification no. 23/2023 of 17th July 2023)
| S.No. | Chapter of heading or Sub-heading or tariff item | Description of Goods | Rate |
| (1) | (2) | (3) | (4) |
| 2709 | Rs. 1,600 per tonne |
Also, vide notification no. No. 25/2023-Central Excise issued on 31st July 2023 has stated that “In exercise of the powers conferred by section 5A of the Central Excise Act, 1944 (1 of 1944) read with section 147 of 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), No. 04/2022-Central Excise, dated the 30th June, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 492 (E), dated the 30th June, 2022.”
In the said notification, in the Table,- (i) against S. No. 2, for the entry in column (4), the entry “Rs. 1 per litre” shall be substituted.
New Table (as per Notification No. 25/2023 of 31st July 2023)
| S.No. | Chapter of heading or Sub-heading or tariff item | Description of Goods | Rate |
| (1) | (2) | (3) | (4) |
| 2 | 2710 | High speed diesel oil | Rs. 1 per Litre |
The notifications shall come into force on 1st August 2023.
Subscribe Taxscan Premium to view the JudgmentSupport our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
