Special Additional Excise Duty (SAED) Reduced to Rs. 2 to 5 per litre on Export of Petrol and Diesel

· Petrol - Nil from Rs. 5 Litre

· Diesel- Rs. 10 per litre from Rs. 12 per Litre

[Notification No. 17/2022-Central Excise dated 19 July 2022]

[See Daily Index of Changes Issue dated 1 July 2022 (DIndex Code 15942)]

Seeks to amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on exports of Petrol and 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, being satisfied that it is necessary in the public interest so to do, hereby makes the following 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. 1, for the entry in column (4), the entry “Nil” shall be substituted;

(ii) against S.No. 2, for the entry in column (4), the entry “Rs. 10 per litre” shall be substituted;

2. This notification shall come into force on the 20th day of July, 2022.

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