Excise Hike of Rs. 2.25 on Petrol, Diesel Up Rs. 1 on 2 Dec

Rs. 1.5 Duty Hikes on both Fuels on 12 Nov

[Central Excise Notification No. 24 dated 2^nd December 2014]

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 17^th March, 2012, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide G.S.R. 163(E), dated the 17^th 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 “` 4.95 per litre” shall be substituted;

(b) against item (ii) of column (3), for the entry in column (4), the entry “` 6.10 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 “` 3.96 per litre” shall be substituted;

(b) against item (ii) of column (3), for the entry in column (4), the entry “` 6.25 per litre” shall be substituted;

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