Crude SAED on Export Cut to Rs. 13,000 per litre from Rs. 17,750 per litre, ATF Hiked to Rs. 2 per litre from Nil

[Notification No. 24/2022-Central Excise dated 18 August 2022]

Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to decrease the Special Additional Excise Duty on production of Petroleum Crude and increase Special Additional Excise Duty export of Aviation Turbine Fuel

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 the 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 amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 18/2022-Central Excise, dated the 19th July, 2022, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 584 (E), dated the 19th July, 2022, namely:-

In the said notification, in the Table,-

(i) against S. No. 1, for the entry in column (4), the entry “Rs. 13,000 per tonne” shall be substituted;

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

2. This notification shall come into force on the 19th day of August, 2022.

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