The Central Board of Indirect Taxes and Customs (CBIC) has amended the notification no. 18/2022-Central Excise, dated the 19th July, 2022, to change the Special Additional Excise Duty (SAED) on production of petroleum crude vide notification no. 28/2023-Central Excise issued on 1st September 2023.
The new notification came into force on 2nd September 2023. The ministry also notified the increase in Special Additional Excise Duty on aviation turbine fuel.
In exercise of the powers conferred by section 5A of the Central Excise Act, 1944 read with section 147 of Finance Act, 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. 1, for the entry in column (4), the entry “Rs. 6,700 per tonne” shall be substituted;
(ii) against S. No. 2, for the entry in column (4), the entry “Rs. 4 per litre” shall be substituted
NEW TABLE (as per Notification no. 28/2023 of 1st September 2023)
| S.No. | Chapter of heading or Sub-heading or tariff item | Description of Goods | Rate |
| 1 | 2709 | Petroleum crude | Rs. 6,700 per tonne |
| 2 | 2710 | Aviation Turbine Fuel | Rs. 4 per litre |
OLD TABLE (as per Notification no. 26/2023 of 14th August 2023)
| S.No. | Chapter of heading or Sub-heading or tariff item | Description of Goods | Rate |
| 1 | 2709 | Petroleum crude | Rs. 7,100 per tonne |
| 2 | 2710 | Aviation Turbine Fuel | Rs. 2 per litre |
Further, the Central Govt vide notification no. 29/2023-Central Excise G.S.R. 647(E) issued on 1st September 2023 has notified the increase in high speed diesel oil with effect from 2nd September 2023.
NEW TABLE (as per Notification no. 29/2023 of 1st September 2023)
| S.No. | Chapter of heading or Sub-heading or tariff item | Description of Goods | Rate |
| 2 | 2710 | High speed diesel oil | Rs. 6 per litre |
OLD TABLE (as per Notification no. 27/2023 of 14th August 2023)
| S.No. | Chapter of heading or Sub-heading or tariff item | Description of Goods | Rate |
| 2 | 2710 | High speed diesel oil | Rs. 5.50 per litre |
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