SAED on Diesel Export Cut to Rs. 3.50 per litre from Rs. 5 per litre w.e.f. 17 Jan 2023

[Notification No. 04/2023-Central Excise dated 16 January 2023]

Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on Diesel.

G.S.R. ....(E). - 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, namely:-

In the said notification, in the Table,-

(i) against S. No. 2, for the entry in column (4), the entry “Rs. 3.50 per litre” shall be substituted;

2. This notification shall come into force on the 17th day of January, 2023.

[F. No. 354/15/2022-TRU]