Excise Hike of Rs. 1.60 per litre for
Petrol and Rs. 0.40 per litre for Diesel from 7 Nov 2015
[Central Excise Notification No. 43
dated 6th November 2015]
Seeks to further
amend notification No. 12/2012-Central Excise, dated 17.03.2012 so as prescribe
the Basic Excise Duty (BED), with effect from 07.11.2015, on the following
products at the rates indicated below: (i) Unbranded petrol from Rs.5.46 per
litre to Rs. 7.06 per litre; (ii) Branded petrol from Rs. 6.64 per litre to Rs.
8.24 per litre; (iii) Unbranded diesel from Rs.4.26 per litre to Rs. 4.66 per
litre; and (iv) Branded diesel from Rs.6.62 per litre to Rs. 7.02 per litre.
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 17th March, 2012, published in the Gazette
of India, Extraordinary, Part II, Section 3, Sub-section (i) videG.S.R. 163(E), dated the 17th 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 Rs.7.06 per litre shall be substituted;
(b) against item (ii) of column (3), for the entry
in column (4), the entry Rs.8.24 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 Rs.4.66 per litre shall be substituted;
(b) against item (ii) of column (3), for the entry
in column (4), the entry Rs.7.02 per litre shall be substituted.
2. This notification shall come into force with
effect from the 7th day of November, 2015.
[F.
No.354/123/2014-TRU]