SAED on Diesel Export Raised to Re. 1 per litre from Rs. 0.05 w.e.f. 21 Mar. 2023

[Notification No. 14/2023-Central Excise dated 20 March, 2023]

Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to increase 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. 1 per litre” shall be substituted;

2. This notification shall come into force on the 21st day of March, 2023.

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