SAED on Crude Export Raised to Rs. 10,200 per tonne from Rs. 9,500 per tonne w.e.f. 17 Nov 2022

· Move Taxes Crude to Promote Diesel Export

[Notification No. 38/2022-Central Excise dated 16 November 2022]

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 further 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. 10,200 per tonne” shall be substituted;

2. This notification shall come into force on the 17th day of November, 2022.

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