[Notification
No. 5/2020-Central Excise dated 5 May 2020]
Seeks to amend notification
No. 05/2019-Central Excise dated 6th July, 2019 so as to increase effective
rate of Special Additional Excise Duty (SAED) on petrol by Rs.
2 per lire and on diesel by Rs. 5 per litre.
G.S.R. (E). – In exercise of the powers conferred by
section 147 of Finance Act, 2002 (20 of 2002), read with section 5A of the
Central Excise Act, 1944 (1 of 1944) (herein after referred to as the Excise
Act), 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. 05/2019-Central Excise,
dated the 6th July, 2019, published in the Gazette of India, Extraordinary,
Part II, Section 3, Sub-section (i), vide number
G.S.R. 488(E), dated the 6th July, 2019, namely:-
In the said notification, in the Table,-
(i)
against Sl. No. 1, for the entry in column (4),
the entry “Rs. 12 per litre”
shall be substituted;
(ii) against Sl. No. 2,
for the entry in column (4), the entry “Rs. 9 per litre” shall be substituted;
2. This notification shall come into force with effect
from the 6th May, 2020.
[F.No.354/123/2014-TRU (Pt-1)]