Excise Hike of Rs. 2 Each on Petrol and Diesel from 17 Jan 2015

[Central Excise Notification No. 03 dated 16^th January 2015]

In exercise of the powers conferred by sub-section (1) of section 5A of the Central Excise Act, 1944 (1 of 1944), the Central Government, 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.12/2012-Central Excise, dated the 17th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R. 163(E), dated the 17th March, 2012, namely: -

In the said notification, in the Table,-

(i) in serial number 70,-

(a) against item (i) of column (3), for the entry in column (4), the entry “` 8.95 per litre” shall be substituted;

(b) against item (ii) of column (3), for the entry in column (4), the entry “` 10.10 per litre” shall be substituted;

(ii) in serial number 71,-

(a) against item (i) of column (3), for the entry in column (4), the entry “` 7.96 per litre” shall be substituted;

(b) against item (ii) of column (3), for the entry in column (4), the entry “` 10.25 per litre” shall be substituted;

2. This notification shall come into force with effect from the 17th day of January, 2015.

[F. No.354/123/2014-TRU]